Ripple Price Prediction: XRP Targets $1.0 On Symmetrical Triangle Bullish Breakout

Published by
Ripple Price Prediction: XRP Targets $1.0 On Symmetrical Triangle Bullish Breakout

XRP price is stable near $0.85 after surging nearly 40% from the lows of $0.62. On Tuesday, the price consolidates without any major movement going forward, after testing the swing highs of $0.86  Bulls need more confirmation to continue moving north.

  • XRP price creeps higher and trades near the crucial $0.85 mark.
  • Expect more gains towards $1.0 as the Symmetrical triangle gives a bullish breakout.
  • The 24-hour trading volume jumps 50% at $2,906,061,947.
Advertisement

XRP sails near $0.85

Source: Trading View

On the daily chart, XRP price finally broke the ‘Symmetrical’ triangle formation. The symmetrical triangle forms when the price is broadly in a consolidation phase that forms two converging trend lines meeting at an inflection point.

XRP price made high of $0.86 above the upper trend line of the mentioned triangle with above average volumes. This indicates the underlying bullish current in the price action. Now, if the price retests the descending trend line at $0.82 without falling further, then it will be not a fake breakout.

In addition to that, the $0.86 also marked the breach of the critical 200-SMA (Simple Moving Average) at $0.84.

Traders will meet the first upside hurdle at $0.9. Next, market participants will take out the psychological $1.0 level.

On the contrary, a spike in sell order will invalidate the bullish outlook in XRP with the immediate downside target at $0.78.

A resurgence in the bearish momentum would locate the next support at $0.70.

Technical indicators:

RSI: The daily Relative Strength Index trades above the average line with a bullish bias. It reads at 60.

MACD: The Moving Average Convergence Divergence trades with an upside momentum above the central line.

As of writing, XRP/USD is trading at 0.84, up 0.11% for the day. The sixth-largest cryptocurrency 24-hour trading volume is at $2,938,308,713 with 51% gains.

 

 

Advertisement
Share
Rekha chauhan

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Pepe Coin Price Forms Multi-Year H&S Pattern as Whale Selling Intensifies

Pepe Coin price trades at $0.0000065 today, Oct. 31, up by 1.75% from the previous…

October 31, 2025
  • Price Analysis

Ethereum Price Forecast: $5K in Sight Post-Fusaka Upgrade

Ethereum price remains under pressure, hovering near $3,800 after breaking below the $3,900 support level.…

October 31, 2025
  • Price Analysis

Chainlink Price Eyes $25 as AllUnity Integrates CCIP for EURAU Expansion

The Chainlink price has stayed firm even as the broader market shows mixed signals. AllUnity’s…

October 31, 2025
  • Price Analysis

Sei Price Forecast: Will Robinhood Listing Spark a Rally?

Sei price slipped despite recent optimism around its Robinhood debut, falling 4% in the past…

October 31, 2025
  • Price Analysis

XRP Price Outlook as ETF Nears Possible November 13 Launch

The XRP price continues to attract significant attention as excitement builds ahead of the long-awaited…

October 31, 2025
  • Price Analysis

Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds

Cardano price crash continued today, Oct. 30, after the Federal Reserve delivered a hawkish cut.…

October 30, 2025