XRP Poised for Potential Breakout Amid Accumulation Phase

Despite recent bearish pressure and the loss of key support levels, XRP appears to be setting the stage for a potential recovery. The cryptocurrency is stabilizing near the lower boundary of a symmetrical triangle pattern, currently trading around $2.86. This price action, coupled with volume contraction and a neutral yet improving RSI above 40, suggests an ongoing accumulation phase—a period where large investors discreetly build positions before a possible breakout.

The 200-day moving average continues to act as a strong long-term support, while XRP’s brief dip below the 100 EMA earlier this week was quickly met with buying strength, indicating resilience. These technical signals point toward growing confidence among buyers, even as overall market sentiment remains subdued.

Historically, periods of low volatility and tightening ranges like this have preceded sharp bullish reversals for XRP. The next critical resistance zone lies between $2.92 and $3.00, a level where previous rallies have stalled. A decisive breakout above this range, supported by rising volume, could ignite a rally toward the $3.30–$3.50 region. Conversely, maintaining support above $2.64 is essential; a drop below this level could delay recovery and expose XRP to deeper liquidity zones.

Overall, XRP’s current structure remains fundamentally stable. The market’s consolidation phase, rather than a collapse, highlights growing accumulation and a possible shift toward bullish momentum. If this pattern continues, XRP could soon transition from its cautious sideways movement into a powerful upward breakout, surprising traders with an unexpected reversal.