Usman Salis
XRP finds itself at a critical juncture that could determine its next major move. The chart shows a textbook symmetrical triangle formation on the 3-day timeframe, with price compressed near the apex and riding multiple moving averages.
What the Chart Shows
According to analyst EGRAG CRYPTO, this setup has all the hallmarks of an imminent breakout - the question is which direction it'll go. The symmetrical triangle has been containing price action since July, with converging trendlines creating an increasingly narrow range. Candles are now printing near the apex, which typically signals a fast move is coming. The 21 SMA (yellow) sits just under current price levels, while the 33 SMA (green) and 55 SMA (blue) provide layered support beneath - exactly where liquidity pools during these compression phases.
For bulls, the key level to watch is a full-body 3-day close above $3.077–$3.13. This would confirm the triangle has resolved upward, though a routine retest near $3.03 could happen before any real continuation. Once $3.30 gets taken out with conviction, the chart projects a run toward new all-time highs, with long-term targets potentially reaching the $4.20 area.
On the flip side, bears need to see a breakdown below $2.77, which represents the 33 SMA and the first major line of defense. A wick down to around $2.55 might be possible without breaking the overall structure, but a 3-day close below $2.55 would flip control to sellers and open the door for a deeper slide toward the $2.00 cluster.
Why This Matters Right Now
Triangles are volatility compressors - when they break, the moves tend to be sharp and sustained. For XRP specifically, several factors are converging:
- Market rotation dynamics: Altcoins are trying to play catch-up to major cryptocurrencies
- Macro positioning: Upcoming economic events and liquidity shifts can amplify breakouts
- XRP-specific catalysts: Payment integrations, regulatory developments, and ecosystem news can shift sentiment quickly
The compressed volatility means any catalyst could trigger an explosive move in either direction. Traders are positioning for this breakout while keeping tight risk management protocols in place.
Usman Salis
