XRP is currently trading around $3, locked in a symmetrical triangle signaling imminent high volatility. Traders are closely monitoring the $2.85 support and $3.10 resistance, crucial levels that will dictate the market's next direction.
Currently, XRP is trading around $3.00, caught in a symmetrical triangle pattern on the charts, with its price ranging between $2.85 and $3.10.
This classic formation suggests an imminent price breakout. Analysts expect a major movement in the coming days, as Ripple (XRP)’s volatility potential intensifies.
If XRP manages to convincingly break above the resistance zone at $3.05 – $3.10, the symmetrical triangle pattern would resolve upward. In this scenario, price targets between $3.40 and $3.65 would be feasible. Analysts even suggest a possible progression up to $4.50 or $5.00 if the momentum continues.
The bearish perspective is based on XRP’s multiple failures to break through the $3.05 threshold. Each rejection erodes the bullish momentum and keeps the token trapped within the triangle. If the market loses support at $2.85, the technical structure would break and the price could then slide toward $2.74 or $2.66.
Currently, XRP is moving between $2.85 and $3.10. A breakthrough of the upper resistance would confirm a continuation of the bullish trend, with short-term targets between $3.30 and $3.40 and the possibility of reaching even higher levels. Conversely, a break of support at $2.85 would direct the bearish projection into the mid-$2 range.
The symmetrical triangle pattern should resolve within the next 7 to 10 days, as the price approaches the narrow end of the formation. Given that this pattern developed after a bullish trend, probabilities lean slightly in favor of an upward breakout, although the market still needs confirmation.
The future appears balanced, and the expectation is to see the return of volatility once one of these boundaries is finally breached.
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