Saad Ullah
⬤ XRP is approaching a key decision point as price compresses beneath the $1.65-$1.70 resistance zone on the higher timeframe chart. The asset is currently trading near $1.54, forming an ascending triangle with rising lows and flat resistance. As EGRAG CRYPTO noted, this structure reflects growing pressure, with buyers stepping in consistently while liquidity accumulates above the resistance band.
⬤ The chart confirms a classic compression pattern: higher lows signal strengthening demand while resistance stays flat. The $1.65-$1.70 region is the primary trigger level, and a confirmed breakout could open the door to accelerated upside. XRP Price Analysis: 60% Probability Breakout From Multi-Month Descending Channel described similar conditions, where tightening price action near key levels signaled an approaching directional move.
⬤ XRP has also been recovering from lower levels while holding structure above key support, forming a sequence of higher lows. This mirrors setups covered in XRP Price Analysis: Breakout Scenario Eyes $1.95 Target, where compression patterns with rising support were flagged as potential breakout fuel. The flip side is equally important: as discussed in XRP Price: $1.67 Resistance Holds as Key Support Levels Remain Intact, failure to break similar zones can keep consolidation in play for extended periods.
⬤ The broader XRP structure reflects a market in buildup. The ascending triangle is acting as a compression phase before a potential expansion move. A break above Zone 1 targets Zone 2 above $2.60, but failure to clear resistance could trigger a rejection or liquidity sweep before any continuation. The resolution of this pattern is likely to define the next leg of XRP price action as momentum and liquidity converge at a critical juncture.
Saad Ullah
