XRP forms a tightening triangle above $1.99 support, echoing historical breakout patterns that once triggered vertical rallies.
The SEC’s delay on the Franklin Templeton ETF adds tension to XRP’s structure, potentially defining the next directional move.
Price compression beneath $2.50 resistance and ETF anticipation now place XRP at a critical point for bulls and bears alike.
XRP hovers near a critical price zone as the SEC delays its decision on a spot XRP ETF proposal. As price action coils beneath historical resistance, traders weigh both technical compression and institutional developments.
XRP’s Macro Pattern Reflects Historic Breakout Structure
A bullish analysis outlines XRP’s cyclical trend of accumulation and vertical surges. From 2014 through 2017, XRP traded inside a long-term symmetrical triangle between $0.003 and $0.01. This led to a parabolic breakout, pushing XRP near $3.30 before it collapsed by over 90% during a multi-year correction.
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That cycle repeated with a new macro triangle from 2018 to 2024, forming higher lows beneath $0.80 resistance. XRP broke out of this structure in early 2024 and climbed past $2.15 by mid-2025. It now forms a smaller ascending triangle with resistance near $2.33, mirroring past cycle behavior. The analyst indicates this fractal continuation could target the $20 level before any major correction unfolds.
Moreover, this view frames the current structure as potentially “biblical” in momentum. Repeating the 10x 20x patterns of the past, XRP’s mini triangle breakout could lead to another vertical spike. However, as noted, previous tops often resulted in over 90% drawdowns. A pink correction zone outlines this potential reversal range.
Momentum Builds Above Support as Price Coils Under $2.50
Looking at it from another angle reveals how another expert views XRP’s current consolidation as reaccumulation. The monthly chart shows a clear breakout from a multi-year range, with support now holding near $1.99. Since April, XRP has bounced off this level multiple times, reflecting strong buyer interest.
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Candlestick formations show long lower wicks, indicating dip buying remains consistent. The range between $1.60 and $1.80 holds significance, aligned with the 0.618 Fibonacci retracement of the previous rally. The expert explains that this zone could act as a high-interest bid level if tested again.
The fact that XRP continues to trade above important structural levels despite the heightened volatility is an additional positive to take into account. Even though the price was rejected at $3.33, buyers are still defending support, which is creating the conditions for new impetus. Structure remains intact for continuation, pending confirmation of breakout strength.
Final Outlook: Analysts Track ETF Developments and Technical Squeeze
This week, the SEC postponed its ruling on the Franklin Templeton spot XRP ETF proposal, moving the deadline to July 22. This regulatory delay has added a new dimension to XRP’s technical setup as market participants await clarity. The ETF development could act as a catalyst, either supporting bullish continuation or stalling momentum.
Analysts emphasize that XRP currently tests both trendline support and macro resistance, trapped within a tightening zone. The subsequent upward objective is still close to $3.00 if bulls retake control. However, if important support zones are not held, XRP may return to $1.60–$1.80.
With price compression and increased ETF speculation, XRP finds itself at a critical juncture. The cryptocurrency now balances historical structure, institutional narratives, and a high-stakes technical breakout zone.
