Saad Ullah
XRP finds itself at an inflection point. After weeks of sideways movement, the token is now caught between key technical levels that could determine its direction for months to come.
Technical Setup and Key Levels
Crypto analyst EGRAG CRYPTO recently highlighted a descending triangle pattern that suggests a possible measured move down to $2.14, though the overall cycle structure remains constructive above the $2.00 threshold.
XRP's current chart shows a descending triangle formation, a pattern that often precedes downside moves. The token has been repeatedly rejected at $2.65, making this level a crucial breakout point. On the downside, support at $2.40 has held firm so far, preventing deeper losses.
Critical price zones to watch:
- Immediate resistance at $2.65 – A clean break above this level could trigger a rally toward $3.00 and beyond
- Support range at $2.40 – Bulls need to defend this zone to maintain control
- Measured move target at $2.14 – This downside objective comes from the triangle pattern and aligns with the 200-day exponential moving average near $2.20, creating a potential landing zone if selling pressure increases
- Cycle risk below $2.00 and $1.91 – Losing these levels could flip the broader trend bearish
- Upside breakout potential at $3.65–$3.82 – If bulls regain momentum above $2.65, these become the next targets
The 200-day EMA sitting just below $2.20 adds an extra layer of technical support, potentially cushioning any drop toward the measured move target.
Market Context and What's Next
XRP has been treading water amid broader crypto market uncertainty, but its loyal community and growing institutional interest continue to underpin longer-term optimism. While the descending triangle suggests caution, the bull case isn't dead yet. As long as XRP holds above $2.00, the current cycle remains intact. The coming two to three months will likely be decisive. Either XRP breaks out and resumes its climb toward the mid-$3 range, or it fails to hold current levels and risks invalidating the bullish structure entirely. Right now, it's anyone's game.
Saad Ullah
