Claim BonusXRP Price Prediction: XRP Trapped In Symmetrical Triangle; Upside Breakout May Trigger 25% Gains
On Monday, the Ripple (XRP) price action displayed highly volatile, resting both the resistance and support trendline before settling with a Doji candle. However, the altcoin approaching the pattern’s apex would soon provide a directional rally to traders.
Key points:
- The XRP buyers face strong resistance from the 50-day EMA
- The intraday trading volume in the XRP is $2.4 Billion, indicating a 2.48% loss.
Source-Tradingview
The Ripple(XRP) price has been declining steadily under the influence of a descending trendline. So far, the altcoin has lost 20% from its previous swing high of $0.911 and continues to face dynamic resistance from this trendline.
However, an upcoming support trendline has prevented the XRP price from any drastic fall, resulting in the formation of a symmetrical triangle pattern. This range-bound rally is nearing the apex of the triangle pattern, indicating the coin is poised to give a breakout.
A breakout from either side of this continuation pattern would end this sluggish decline and give a clear direction to the rally. Therefore if buyers pierced the overhead shared resistance of trendline and the 50-day EMA, the traders would drive the altcoin by 25%, hitting the $0.9 mark.
Contrary to the bullish thesis, a bearish breakout from the ascending trendline would accelerate the ongoing sell-off and open the gates for the $0.6 mark.
Currently, the XRP price trades at $0.8, indicating a 1.5% intraday gain. Anyhow the traders looking for new entry should avoid the tug of war within the converging trendline and wait for a genuine breakout to grab their entry opportunity.
Technical Indicator
The flattish crucial EMAs(20, 50, 100, and 200) accentuate the range-bound movement in price action. The coin price trading below these EMAs gives the sellers a significant advantage.
The MACD indicator lines wavering around the neutral zone indicate a neutral tendency.
- Resistance level: $0.85 and $1
- Support levels: $0.745 and $0.59
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
Related Articles
- Michael Saylor Says Quantum Risk To Bitcoin Is a Decade Away, Describes it as ‘FUD’
- White House Proposes Stablecoin Rewards Compromise as CLARITY Act Odds Drop to 44%
- Trump’s Board Of Peace Eyes Dollar-Backed Stablecoin For Gaza Rebuild
- Trump’s World Liberty Financial Flags ‘Coordinated Attack’ as USD1 Stablecoin Briefly Depegs
- Trump Tariffs: U.S. Threatens Higher Tariffs After Supreme Court Ruling, BTC Price Falls
- COIN Stock Risks Crashing to $100 as Odds of US Striking Iran Jump
- MSTR Stock Price Predictions As Michael Saylor’s Strategy Makes 100th BTC Purchase
- Top 3 Meme Coins Price Prediction As BTC Crashes Below $67k
- Top 4 Reasons Why Bitcoin Price Will Crash to $60k This Week
- COIN Stock Price Prediction: Will Coinbase Crash or Rally in Feb 2026?
- Shiba Inu Price Feb 2026: Will SHIB Rise Soon?
