- XRP’s descending triangle support at $1.95 is important for bullish momentum, with targets at $2.22, $2.72, and $5.85.
- Symmetrical triangle points to $5-$6 targets upon breakout; failure at $1.90 support may drop XRP to $1.50 or $1.35.
- Decreasing volume suggests imminent breakout; monitoring $2.10 resistance for bullish confirmation is essential.
Analysts Dark Defender and Ali have noted XRP’s price patterns, pointing to imminent breakout scenarios. According to Dark Defender, XRP shows a descending triangle pattern on a daily timeframe.
Key support level is $1.95, which must hold to sustain bullish momentum. Initial targets are $2.22, $2.72, $2.90, and $5.85, while support levels are at $1.95, $1.88, and $1.63. Ali, on a three-day timeframe, notes a symmetrical triangle pattern with converging trendlines.
Bullish and Bearish Scenarios
Dark Defender indicates important price levels. XRP’s support line near $2.09 is the base for a potential upside. If XRP breaks the resistance at $2.30, a bullish breakout could target $3.00 to $3.70.
However, failure to maintain $2.09 may lead to declines toward $1.82 or $1.50. The pattern’s consolidation and decreasing volume sometimes precede a breakout. Monitoring these levels for clarity on directional moves is crucial.
XRP is consolidating at $2.08 with minor gains of +0.15% in the last 4 hours. The RSI is at 37.69, suggesting weak momentum but with a potential recovery.
The MACD line remains bearish, though a decreasing histogram hints at possible trend reversal. Low trading volume further shows market indecision, emphasizing the need for a breakout above $2.10 to confirm bullish strength.
Symmetrical Triangle
According to analyst Ali, there is the potential for a bullish breakout in 2025. XRP’s price puts it near an important resistance at $2.30 and support at $1.90. Symmetrical triangle pattern often suggests continuation after a bullish trend, aligning with projected targets of $5.00 to $6.00 upon an upward breakout.
On the downside, a breakdown below $1.90 could push the prices toward $1.50 or $1.35. The pattern’s declining volume suggests a breakout is approaching. Ali projects XRP’s long-term target at $11 by 2025 if bullish momentum persists. Monitoring for breakout confirmations accompanied by increased market activity is important.