- XRP’s symmetrical triangle on the 3-day chart shows tightening price action, suggesting that a major volatility breakout is imminent.
- The $2.20 level remains the key support, while a close above $2.65 could confirm a bullish breakout toward $3.40 and beyond.
- Technical compression and volume contraction hint that XRP’s next confirmed move—up or down—will likely define its next long-term trend.
XRP traded within a symmetrical triangle on the 3-day chart, signaling a possible shift in volatility. The pattern reflects a balance between upward and downward momentum. Price action indicated temporary indecision as the market awaited confirmation for the next trend.
The structure showed a breakout attempt that failed, turning into a throwback phase. This movement highlighted both resistance pressure and buying strength near the lower range. Momentum indicators continued to show neutrality, suggesting that direction would depend on the next confirmed candle close.
Despite limited movement, the overall setup maintained potential for a significant price breakout. The ongoing consolidation represents a buildup of energy that could trigger a larger move soon. Traders now focus on the technical boundaries that define this structure.
Key Technical Levels Define Market Outlook
Critical support stands at $2.20, which remains essential for maintaining market stability on the 3-day timeframe. Holding above this level may protect the current formation from further downside. On the other hand, a breakdown could expose lower retracement targets near $2.00.
A bullish confirmation could emerge if XRP closes above $2.55 to $2.65 within the next sessions. This range serves as a short-term resistance barrier and defines the immediate trend outlook. Sustained momentum above this zone may strengthen the case for renewed upside action.
A potential rally could gain traction once price action crosses the $3.20 to $3.40 mark. This range represents the gateway to new highs and long-term bullish momentum. Technical models project an extended move toward $4.20 if volume expands in alignment.
Market Structure Suggests Directional Decision Ahead
The symmetrical triangle continues to compress, signaling reduced volatility before a decisive breakout. The 21-day exponential moving average supports this observation by showing a narrowing trend channel. The pattern suggests that XRP is approaching a defining point.
Over the short term, confirmation above $3.07 remains the key signal for a momentum shift. A firm candle close above this level may restore bullish sentiment. Conversely, sustained weakness below the structure could confirm a bearish continuation.
Overall, XRP trades near a critical inflection point with technical precision guiding expectations. The neutral bias could shift quickly as market energy builds. A confirmed breakout in either direction may define the next major phase in XRP’s long-term trend.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
