Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.
XRP (Ripple) hovers near $3.00 as technical analysts spot a symmetrical triangle that could trigger massive price swings in either direction.
XRP (Ripple) finds itself at a critical juncture, trading sideways near $3.00 while a symmetrical triangle pattern builds pressure for an explosive breakout. The cryptocurrency has been consolidating between $2.85 and $2.90, down from recent highs above $3.00, as traders await the next big move.
Market sentiment is split. Bulls are eyeing a breakout toward $3.30–$3.50, while bears warn that a breakdown could send XRP tumbling to $2.70 or worse. With trading volumes cooling off, all signs point to a massive move brewing.
XRP is currently stuck between support at $2.70 and resistance around $2.90-$3.00. Trading volumes have dropped significantly, suggesting participants are waiting on the sidelines for clearer signals. Despite bullish catalysts, XRP has been dragged down by broader crypto weakness and Bitcoin's struggles.
The $2.70 level has become absolutely crucial – it's keeping the bullish narrative alive. On-chain data shows declining open interest, which could mean short-term capitulation or a healthy reset before the next move.
Adding fuel to the fire, the SEC's updated listing criteria could make it easier to approve spot XRP ETFs, though experts warn against expecting immediate pumps from ETF launches.
If XRP breaks through $2.90-$3.00 resistance, targets quickly jump to $3.30-$3.50. A clean breakout could unleash serious momentum and draw fresh money waiting on the sidelines.
DeepSeek AI projects XRP could potentially quadruple from current levels by late 2025, with best-case scenarios hitting $9. This is based on expanding XRP Ledger adoption, growing demand for Ripple's cross-border solutions, and potential institutional ETF interest.
If the triangle breaks upward, short squeezes could accelerate the move toward $4.50-$5.00 and beyond.
If that crucial $2.70 support gives way, XRP could face serious trouble. A breakdown opens the door to $2.50 or lower, with analysts eyeing the $2.33 area as a potential target.
The biggest risk is broader crypto market instability. When Bitcoin and Ethereum crash, they drag everything down regardless of individual fundamentals. Plus, retail investors who bought near recent highs might panic sell if things get ugly.
If speculative positioning gets too one-sided, even minor bad news could trigger nasty reversals that catch leveraged traders off guard.
The bottom line? XRP is coiled between $2.70 and $3.00, and when it breaks, it's going to move fast and hard in whichever direction wins out.
Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.
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