Key Insights:
- XRP crypto is compressing inside a symmetrical triangle, nearing a potential breakout above $2.70.
- Fibonacci projections show bullish targets for XRP crypto price at $5.34, $11.23, and $23.61.
- A short-term uptrend is forming as XRP crypto makes higher lows and retests resistance near $2.20.
Technical analysts observed distinct consolidation patterns forming on XRP crypto charts. Insights from the analysts point to critical resistance levels and structural setups suggesting potential breakout movements. These chart formations indicate a pause in trend before a possible continuation.
Potential Upside Continuation for XRP Crypto
Analyst MikybullCrypto’s chart for XRP crypto presented a 3-week candlestick pattern forming a symmetrical triangle. This structure shows a converging resistance and support trendlines established since early 2025.
According to the analyst’s chart, the upper boundary stems from a descending resistance line, while the support line rises from post-dump lows.
The current XRP crypto price trading near $2.31894 is approaching the triangle apex, indicating an imminent move in either direction. Therefore, the pattern follows a sharp bullish rally, often associated with continuation trends.
Moreover, the moving average, likely a long-term Exponential Moving Average (EMA), trends upward beneath current XRP price levels. XRP crypto continues to hold above this dynamic support, maintaining the bullish bias.
Also, XRP price interaction with the triangle’s trend lines across multiple candle closes adds reliability to the pattern’s validity.
Additionally, the analyst referenced a measured move based on the triangle’s flagpole, estimating a potential upside target range upon breakout.
Historical similarities with the 2017 chart formation are visually noted but not factored into the current XRP crypto analysis. A close above the $2.7 resistance with rising volume would confirm bullish continuation.
Bullish Consolidation Points to $5.34 Rally Target in XRP Crypto
On a different XRP crypto chart, analyst Steph_iscrypto identified a descending triangle pattern. This structure shows compression between horizontal support near $1.60 and descending resistance since early 2025.
While descending triangles typically imply bearish outcomes, the analyst noted its position after a strong impulse from sub-$0.60 to above $2.50. In such cases, the triangle often signals bullish consolidation. XRP crypto has respected both support and resistance zones within this structure.
Additionally, Fibonacci extension levels are mapped over the previous XRP crypto price leg. The 0.618 level sits at $5.34, while higher extensions include $11.23, $23.61, and $37.36. These figures form key targets in case of a confirmed breakout.
Further, a projected XRP crypto price trajectory drawn on the chart shows a parabolic move above triangle resistance. The technical basis relies on volume-backed breakouts after extended consolidations.
Consequently, a sustained move above resistance, paired with strong volume, would validate these Fibonacci-based projections. Until then, XRP crypto remains bound within the triangle.
Short-Term Uptrend Eyes Break Above $2.20 Resistance
Furthermore, another crypto analyst, CW, pointed out on his chart that XRP crypto displayed a developing bullish setup.
XRP crypto is currently testing a defined resistance zone between $2.17 and $2.20. This zone previously served as a rejection point after a decline from $2.35.
More so, the recent XRP crypto price action showed multiple strong green candles moving into this sell wall. According to the analyst, bullish momentum has re-entered this level with strength, indicating potential breakout conditions. However, no immediate rejections have formed, implying a weakening of sell-side pressure.
In addition, volume analysis supported the bullish case. After a spike in volume during the June 13 breakdown, accumulation occurred between $2.02 and $2.14. Besides, the rebound has been steady, with volume building alongside XRP crypto price.
Subsequently, the formation of higher lows since the local bottom confirms a short-term uptrend. Therefore, if XRP crypto price closes and sustains above $2.20, the next resistance lies around $2.30 to $2.35.
The analyst further noted that a breakout through this zone could restore XRP crypto price to previous levels, reflecting reduced selling overhead.