Saad Ullah
XRP is grabbing attention again, and for good reason. Trading near $2.95, the token is displaying one of the cleanest bullish structures among major cryptos right now. With consolidation tightening above critical support, traders are positioning for what could be the next big move.
Reading the Chart
Analyst Scient flagged this setup as a classic continuation pattern - the kind that typically shows up before prices explode. The technical picture tells a compelling story. XRP is trading at $2.94 after surging earlier this year, now carving out a descending triangle above the $2.80-$2.85 zone - an area that once capped prices but now acts as a floor. The trend since late 2024 remains intact, with recent pullbacks looking more like healthy pauses than warning signs.
Key levels to watch:
- Support holding: $2.80 is the line in the sand
- Breakout trigger: Push past $3.20 and momentum accelerates
- Pattern strength: Higher lows with tight consolidation - sellers are running out of steam
- Volume profile: Quiet trading during compression phases typically precedes explosive moves
Why This Setup Matters
XRP's chart isn't just bullish - it's unusually clean compared to other majors. This pattern has shown up before in XRP's history, right before previous rallies took off. The current consolidation above former resistance is a textbook signal that buyers are in control. Factor in Ripple's expanding technology adoption and improving altcoin sentiment, and the fundamental backdrop aligns with what the charts are showing.
XRP is coiling. As long as $2.80 holds, the path of least resistance points up. A clean break above $3.20 would likely be the catalyst that unleashes the parabolic move traders are waiting for. Right now, among top-tier altcoins, XRP's setup stands out - and if this pattern plays out like previous ones, we could be watching the start of its next explosive leg higher.
Saad Ullah
