XRP Symmetrical Triangle Pattern: Price Compression Nears Breaking Point
Recently, XRP has been trading inside a sizable symmetrical triangle formation. One that has developed since its spectacular peak in late 2024. The price actually appeared to be coiling tightly towards the structure’s apex, making higher lows and lower highs.
The range was getting smaller, indicating that a last move might be on the horizon. Therefore, XRP may confirm the breakthrough and generate fresh bullish momentum if buyers are able to flip the $2.35–$2.61 zone.
XRP Bulls Stay Aggressive: Is a Massive Upside Break Just Ahead?
The 90-day Spot Taker CVD showed persistent taker purchase dominance despite XRP’s low price change. An indication that buyers have been actively entering the market. This implied that participants may be inclined to accumulate in expectation of a major advance, as they had been waiting for a breakout.
However, there appeared to be a disconnect between market belief and blockchain adoption as a result of this speculative buy-side activity and deteriorating on-chain indicators. However, if the triangle pattern resolves upward, the persistence of taker purchase volume may support short-term price stability and serve as a foundation for any rapid upside rise.
XRP Approaches Critical Breakout Point: Will Bulls Take Control?
Given its long-term triangle formation and increasing buy-side activity, XRP may soon see a significant breakout. On-chain flaws, however, provide significant obstacles to a long-lasting rise. The next several weeks will make all the difference. XRP may indeed hit its midterm goal if the price breaks above the triangle with high volume and on-chain metrics start to improve. If not, the breakthrough might not last long.
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