XRP Could Resume Q3 Bullish Trend...Could Target $1.60 If $1.18 Break

[Digitaltrends Kim Ye-sol Reporter] Analysis suggests XRP has entered a technical rebound phase after its first-half decline. According to a report by blockchain media The Block on July 18, XRP remains within a descending broadening wedge pattern on daily charts, overlapping with a seasonal trend of positive returns in Q3 over seven consecutive years, suggesting potential for up to 50% gains. Key indicators include simultaneous chart and seasonal signals. While XRP fell 27.1% in Q1 and 22.4% in Q2, current price levels show reduced selling pressure. The daily chart shows XRP trapped within a descending broadening wedge, described as a 'typical late-stage accumulation zone' in the article. The Relative Strength Index (RSI) also shows bullish divergence, with buying pressure defending the $1.05 support level. Seasonality further supports the rebound scenario. CryptoRank data shows XRP never ended Q3 negatively in the past seven years. Though current July returns are only 4.19%, historical patterns show XRP typically recovers in summer after June declines. Examples include a 47.6% rise in July 2023 and a 35% rebound in July 2025. Mid-term targets depend on breaking resistance levels. XRP currently trades near $1.08, requiring buying pressure to clear the $1.12-$1.18 resistance range to confirm a new uptrend. The article suggests surpassing this range could open targets of $1.45-$1.60, representing approximately a 50% rise from current prices. However, short-term variables remain. Overall market stagnation and temporary slowdowns in inflows to a physical XRP ETF could limit immediate gains. Even if a rebound begins, volatility may persist until resistance is broken. With ongoing price compression over the past six months forming a potential 'strong base' ahead of Q4, the article highlights the significance of the current wedge pattern movement, noting XRP's historical average return of 133.3% in Q4.