Usman Salis
XRP is trading around $2.88 and sitting on the edge of something big. The token has been trapped in a symmetrical triangle for weeks, but recent price action suggests we might be approaching a decisive moment.
Chart Analysis: The $4.20 Setup
Analyst JackTheRippler highlighted how buyers keep stepping in around the $2.70-$2.80 zone, creating a solid foundation for what could be the next major move.
The technical picture tells a clear story. Support has held firm multiple times - you can see it in those circled areas where buyers defended the lower trendline. Meanwhile, a descending resistance line has been capping rallies, creating this classic triangle formation. If XRP punches through that resistance, the first target sits around $3.50, but the real prize is $4.20 based on the triangle's measured move projection.
Catalysts That Could Fuel the Rally
Three main drivers could push XRP higher. Ripple's ongoing institutional push through central bank digital currencies and cross-border payment solutions continues gaining traction. The broader crypto market sentiment is improving, especially if U.S. regulatory clarity finally arrives. Plus, on-chain activity has been picking up, with transaction volumes supporting the bullish narrative.
Usman Salis
