The XRP price broke out of an almost seven-year downtrend in 2024 and is now trading above $3, sparking renewed optimism across the market. With its steadily growing price, crypto analyst JackTheRippler claims that XRP is unlikely to face any major pullback like in the past, believing that the altcoin has entered a new bullish phase—and the “train has left the station.”

XRP Unlikely To Revisit Previous Lows

In a bold assertion that challenges typical post-rally pullback expectations, JackTheRippler has doubled down on his earlier outlook for XRP, claiming that a dramatic price retracement is no longer on the table. According to a price chart shared via X social media alongside his analysis, XRP has successfully broken out of a multi-month descending triangle pattern and surged beyond key resistance levels, skyrocketing above $3.6 before consolidating around $3.19. 

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The chart reveals that XRP maintained strong horizontal support near the $1.77 region for several months, forming the base of the triangle. Despite multiple attempts to breach this level during its consolidation phase, the token held firm. The recent breakout in late July above $3.6 marked a significant shift in XRP’s structure, invalidating the downward trendline that had capped price action since December 2024. 

In his post, JackTheRippler emphasized that, unlike in previous cycles, XRP is unlikely to return to earlier lows. The analyst declared that “the train has left the station,” implying that the window to buy at significantly lower levels has decisively closed due to a  price floor increase. 

With XRP now trading above $3.3, the main question is whether this level will establish itself as firm support and potentially propel it to new levels. Based on the cryptocurrency’s current technical setup and JackTheRipple’s confident projection, the path forward for XRP suggests continued upward momentum rather than a reversal. 

Analyst Unveils XRP Next Bullish Targets

A recent chart analysis shared by crypto analyst Dark Defender suggests that XRP’s long-standing cooling period may be finally coming to an end. According to the pattern highlighted on the chart, the cryptocurrency appears to be mirroring its 2017 setup—a formation that led to an explosive breakout.

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With XRP now consolidating above $3.3, Dark Defender argues that this phase resembles a stabilization period that preceded the previous bull run, marked by a breakout from a descending wedge and rapid vertical gains. Based on the Elliott Wave Theory, the analyst has set XRP’s next bullish targets for $13.13, $18.22, and $36.76. 

According to Dark Defender, the cryptocurrency’s price surge observed in June and July confirms its breakout structure, positioning August as a potentially explosive month for the asset. Chart comparisons between the 2017 and 2025 cycles highlight striking similarities, each featuring a sharp rally, a descending consolidation, and a breakout that historically led to parabolic gains.

Featured image from Getty Images, chart from Tradingview.com

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A Rocket Pool advocate has warned of the potentially catastrophic consequences of a bug in Geth, a top Ethereum validator client. The analyst is concerned that over-reliance on the client, especially by top protocols, notably Lido Finance, poses a significant centralization risk that could “negatively impact reliability and stability.”

Over-Reliance On Ethereum’s Geth Is Very Risky

Geth is one of the top and first clients for Ethereum. Node operators can process and update the blockchain through this validator client, ensuring that all transactions are valid. What’s important to note is that Geth and similar clients play a critical role in Ethereum following the shift from a proof-of-work to a proof-of-stake system.

Users can delegate their coins through platforms like Lido Finance or Rocket Pool and receive a share of staking rewards. As it emerges, most Lido Finance validator nodes depend on Geth. 

Taking to X, the advocate notes that almost 80% of Lido Finance node operators rely on Geth as their go-to client. Other choice validator clients for Lido Finance include Nethermind and Besus. 

This concentration of power could lead to disastrous consequences, even leading to a fork, in the event of a critical bug in Geth.

Even so, looking at trends over the past quarters to March 2023, there have been decentralization attempts regarding Lido Finance node operators. To illustrate, Geth’s client share fell from around 80% in April 2021 to 76% in early 2023. Meanwhile, more Lido Finance node operators have been opting to use Nethermind in the past year, reading from its rapid share increase from 5.5% to around 12.8%.

Clients like Nethermind and Besu play a role similar to Geth in ensuring the network remains updated and secure. However, they offer different features and approaches to Ethereum node operation.

For instance, Nethermind is considered to be more flexible and has higher throughput with lower latency than Geth. Accordingly, by ensuring Lido Finance and other staking platforms diversify their validator clients, it could distribute the network’s workload and reduce concentration on Geth. 

Lido Finance Is The Liquid Staking King And Is Decentralizing

So far, DeFiLlama data shows that Lido Finance is the largest decentralized finance (DeFi) protocol by total value locked (TVL), managing over $22.4 billion worth of assets.

As a liquid staking protocol allowing ordinary users to partake in Ethereum block validation, the protocol is critical in ensuring the network remains secure.

The team introduced distributed validator technology (DVT) in October 2023 to ensure it becomes secure and decentralized. Through DVT, their validators can spread operations across multiple parties, effectively decentralizing. 

Feature image from Canva, chart from TradingView