- XRP consolidation nears breakout with $4.44 target in sight.
- Key $2.55 support level decides next major XRP price move.
- Traders watch triangle pattern for breakout toward $3.20 and beyond.
XRP continues to trade within a symmetrical triangle pattern that has drawn close attention from traders. According to EGRAG CRYPTO, this structure on the three-day chart represents a crucial moment as the asset approaches a significant decision point. The $2.55 support line has been designated the key zone to watch in the short term.
As long as XRP is above this level, the consolidation phase is intact, indicating that the bullish sentiment is still intact. However, a firmly established close below $2.55 will shift momentum in favor of sellers, with downside potential reaching towards the $2.00 level. This scenario would undermine the current setup and raise concerns about a deeper correction.
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Breakout Targets Point to $3.20 and $4.44
EGRAG CRYPTO highlights that if XRP successfully breaks upward from the symmetrical triangle, the first notable resistance lies near $3.20. This level is considered a reasonable intermediate-term target, which could initiate a higher move. Beyond this triangle point, the move from the triangle point rises to a longer-term bullish target at approximately $4.44.
In addition, the analysis indicates that a pullback may follow a possible breakout. Such a move frequently takes place in symmetrical triangle patterns and confirms the new trend direction. Traders would then seek out support at previous broken levels and continue higher toward greater price targets.
Market Sentiment and Trading Activity
Volume data indicates that trading activity has eased during the consolidation period, underscoring the market’s wait-and-see approach. This type of muted participation often precedes larger moves once a breakout or breakdown occurs. The triangle’s resolution is, therefore, expected to set the tone for XRP’s next primary phase.
For market participants, the focus remains squarely on whether bulls can drive momentum beyond $3.20 and toward $4.44, or if bears will force a retreat under $2.55. The coming sessions are likely to be decisive, as XRP edges closer to a breakout that could shape the remainder of its trading outlook.
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