XRP Nears Critical Breakout Point as Market Awaits Major Move

XRP is standing at a crucial technical juncture, hovering near the lower boundary of a descending triangle pattern that could determine its next major price direction. After testing the $2.30 zone earlier this week, the token has recovered slightly to around $2.46. Despite this rebound, the overall market sentiment remains tense as bearish pressure continues to weigh on the asset.

The daily chart shows XRP forming lower highs, signaling sustained selling momentum. The key support zone between $2.35 and $2.40 now serves as the last stronghold for buyers. If XRP fails to hold above this range, it may revisit the $2.00 or even $1.80 levels, confirming a deeper bearish trend. Conversely, a breakout above $2.55–$2.60 could invalidate the bearish setup and pave the way for a rally toward the $2.80–$3.00 zone — a major psychological resistance.

Technical indicators highlight the tug-of-war between bulls and bears. The 50-day and 100-day moving averages have crossed downward, reinforcing bearish sentiment, while the 200-day moving average hovers near $2.65, marking a potential resistance ceiling. The Relative Strength Index (RSI) currently sits at 42, suggesting there’s still room for an upside reversal if buying pressure intensifies.

With price compression tightening and volatility expected to spike, XRP’s next move could be swift and decisive. Bears are watching closely for a breakdown below the support base, while bulls must defend the current levels to keep recovery hopes alive. As XRP tests the limits of market resilience, the coming days are likely to define whether the token enters a renewed bullish phase or faces further decline — a pivotal moment for both traders and long-term investors.