After months of coiling within a narrowing structure, XRP price today is once again approaching the critical resistance zone near $2.34. This area represents the upper boundary of a symmetrical triangle visible on the daily chart. Bulls are attempting to force a breakout as momentum indicators align, though volume and confirmation remain key.
What’s Happening With XRP’s Price?
The broader XRP price action has formed a textbook symmetrical triangle since its December 2024 high. On July 9, the price hit $2.3378 and is now hovering around $2.3249. This places XRP just below the triangle’s resistance, with its ascending base still holding firm near $2.05.
The daily Parabolic SAR dots have flipped below the candles — signaling a short-term bullish shift. Meanwhile, the True Strength Index (TSI) on the daily chart is pushing higher, currently reading 0.90, suggesting building upside pressure. Traders are closely watching for a decisive candle close above the triangle edge to confirm breakout.
Why XRP Price Going Up Today?
The primary reason why XRP price going up today …
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