XRP Price Poised for a Major Breakout as Symmetrical Triangle Narrows

XRP is edging toward a decisive move, compressing inside a symmetrical triangle that has taken shape on the daily chart since early June. The coin trades near $2.17, just above the 200-day moving average (around $2.09), a key support that currently underpins bullish sentiment. Shrinking trading volume underscores the classic “volatility squeeze,” a hallmark of triangles before a breakout or breakdown.

Technically, symmetrical triangles act as launchpads for sharp directional moves, often serving as continuation or reversal patterns after strong trends. With the triangle’s apex roughly five days away, traders should brace for heightened volatility. The Relative Strength Index hovers near 45, signaling neither bullish nor bearish dominance, yet waning buy pressure warns that bulls must defend support quickly.

If sellers pierce the rising trendline and the 200-day MA, XRP could slide toward historical demand at $1.95, with a deeper dip to $1.80 possible. Conversely, a clear push above descending resistance—reclaiming $2.24—would invalidate the bearish view and open a path to the $2.40–$2.50 zone, levels last visited before the current consolidation.

For now, market participants watch a tightening price coil. Whether XRP breaks north or south, the squeeze implies an explosive move that could redefine short-term momentum. Traders may consider setting alerts near key breakout thresholds while managing risk, as the forthcoming move will likely be swift and decisive.