XRP is closing in on a potentially major price shift as it continues to consolidate within a six-month symmetrical triangle. The asset is trading just below a key resistance level that has held since January 2025, raising expectations of an imminent breakout.
XRP analyst XRPunkie (@Shawnmark7899) believes that the asset is near the top of the Triangle. His new chart has XRP at 2.15, which is just below a downward trend line that marked the end of all of the previous rallies in the last few months.
This technical configuration has attracted more attention because compression has been easily noticed on some recent price candles. EMA 21 and SMA 33 are now approaching each other closely, indicating low volatility and pressure to have a breakout point.
Back in a June 9 analysis, XRPunkie had defined the setup as a bull flag. But he has since revised his opinion in such a way that it has been revealed that the building is a symmetrical triangle. His present perspective has a bullish inclination, implying that XRP is about to break out of a major move.
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Key Technical Structure Points to Breakout Zone Between $13 and $15
The chart shared by the analyst includes a green breakout zone above the resistance trendline. If XRP can push through and retest this level as support, the price may rally toward the $13 to $15 range. This projection has also been echoed by other market watchers, who see this triangle pattern as a strong precursor to a larger trend shift.
Source: XRPunkie
The resistance trend line is based on the January peak of XRP and has already demonstrated itself as an essential barrier. Several unsuccessful breakout bids have made it a major technical mark. A break above, on a clean basis, would signal that the market momentum is shifting to the bulls.
Traders are also watching a decisive move as XRP keeps compressing in the Triangle. A strong-volume breakout would validate the beginning of a new bullish move. The price would continue to be strained and on tenterhooks until that time when the price is expected to rise significantly throughout the market.
XRP is trading slightly below long-term resistance, and the market is expecting a breakout to occur. An upside penetration of the Triangle could send the price into a frenzy, causing a price surge with an entry into these price levels of $13 to $15.
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