- XRP’s ascending triangle formation suggests a potential breakout, with resistance levels at $2.75 and $3.40–$3.72.
- Crucial support at $2.47 and $2.21, with deeper corrections possible towards $1.80–$1.60 if selling pressure increases.
- Indicators like MACD and RSI show indecision, signaling a neutral stance as neither bulls nor bears dominate, awaiting a stronger momentum shift.
Public speculation indicates that the SEC may drop its appeal against Ripple while two crucial questions about XRP’s future depend on its approval of a spot ETF and willingness to end its legal dispute with Ripple. The market could surpass $4 with a positive outcome whereas an agency pushback could trigger XRP to fall towards $1.50.
At the time of writing,XRP was trading at $2.59 with a price decline of 3.49% showing negative momentum in the market.Today’s trading range has seen a high of $2.72 and a low of $2.55.
XRP Ascending triangle formation and Support Levels
According to analyst EGRAG CRYPTO,the current XRP/USD highlights an ascending triangle formation, suggesting that the asset is consolidating before a potential breakout. A previous breakout attempt was identified as a fake-out, and XRP is now retesting the lower boundary of the triangle.
Key support levels are at $2.4700, which has been recently tested, followed by $2.2100 as a crucial level to maintain bullish structure. If selling pressure intensifies, XRP could drop further to $1.80 or even $1.60, marking strong long-term support zones with deeper corrections possible if bears take control.
Key Resistance Levels
On the resistance side, XRP faces immediate pressure at $2.7500, with higher resistance targets at $2.9010, $3.2151, and a breakout range between $3.40 and $3.72.
The triangular consolidation pattern indicates that XRP is preparing for a major market movement. If bullish momentum builds and XRP breaks above $2.75, the price could surge toward $2.90 – $3.21, potentially reaching $3.40 – $3.72 in a strong breakout.
XRP Technical Indicators Signal Market Indecision
The MACD indicator-54.6M is trading below the signal line 1.4 billion values suggesting a bearish momentum.The RSI at 51.93, indicates that XRP is in a neutral position.
Overall, the indicators suggest market indecision, with neither bulls nor bears taking full control. If buying pressure increases, XRP could move toward a more bullish trend, especially if RSI surpasses 55-60 and MACD shows stronger positive momentum.
