Usman Salis
After months of grinding sideways, XRP looks like it's coiling up for something big. Right now, XRP is hovering around $2.65, squeezed between rising support and falling resistance. The tighter this range gets, the bigger the eventual breakout could be. Traders are watching closely as XRP approaches the triangle's apex, waiting to see which direction it'll break.
The Technical Setup
The chart shared by STEPH IS CRYPTO shows a classic symmetrical triangle on the 3-day timeframe—a pattern that usually comes before sharp price swings. XRP's price has been consolidating between two converging trendlines for months now. The lower line has been climbing from around $1.50, while the upper one has been dropping from roughly $3.60. This creates the symmetrical triangle—a neutral pattern that can break either way but often leads to explosive moves once it resolves.
Here's what matters right now:
- Current price: Around $2.65, sitting in the middle of the triangle
- Support zone: $2.30–$2.40, where buyers have consistently stepped in
- Resistance zone: $2.80–$2.90, the upper boundary that needs to break
- Breakout target: $4.50, based on the triangle's height—representing a potential 70%+ rally
A strong close above $2.90 with solid volume would confirm the breakout and open the door to that $4.50 target. On the flip side, losing support near $2.30 could trigger a pullback toward $2.00 and kill the bullish setup.
Why This Matters Now
The technical compression is happening at an interesting time. Ripple's been making headway with institutional partnerships, and there's growing buzz around its On-Demand Liquidity services. Meanwhile, the broader crypto market has stabilized—Bitcoin's holding above $110K, and liquidity is starting to flow back into major altcoins. XRP has historically been a strong performer in these types of cycles, so the timing could work in its favor.
If the breakout aligns with positive fundamentals, the move could be amplified even further.
XRP's compression phase is reaching its end. The symmetrical triangle has run its course, and something's got to give soon. If bulls can push through that $2.80–$2.90 resistance with conviction, we could see XRP climb toward $4.50—a level it hasn't touched in years.
Until then, keep an eye on volume and how the candles close. The next breakout could set the tone for XRP's entire year.
Usman Salis
