XRP has regained the 3.33 level with an increase of 11.2 percent within 24 hours, and is still supported at 2.99.
Symmetrical triangle is found below the $3.52 resistance with decreased volatility and breakout potentials.
2017 structure is a reflection of the historical trend, and yet the rising support trend line is an added feature historicizing the bullish extension pattern.
The XRP price has once again crossed over the $3.33 level, gaining 11.2% in the last 24 hours. The recent price increase follows after XRP stayed above the level of $2.99 support, confirming sustained demand in an uptrend line formation.
As of writing, the price of XRP was $3.3557, reaching as high as $3.3826 and as low as $2.9019, showing significant price volatility. This kind of price action mimics an age-old structure witnessed for the very first time in the 2017 breakout, as the asset exploded from the identical form of triangular consolidation. In today's weekly chart, XRP shows an ascending triangle pattern still very much active above long-term support lines.
XRP Consolidates Below Key Resistance as Breakout Pattern Tightens
In the 2017 cycle, XRP rallied after consolidating within a similar ascending structure, breaking past key levels before accelerating higher. The current pattern exhibits parallels, with XRP now forming another triangular range just below the $3.52 resistance level. The chart indicates that this level remains a critical threshold, where previous rejections occurred. As price revisits this zone, traders appear to be watching for confirmation of breakout strength.
https://twitter.com/galaxyBTC/status/1953671606577791262
Notably, the trendline supporting price action since 2020 remains intact, and the current consolidation zone shows decreasing range with tighter price behavior. This type of compression often precedes high-momentum price moves. Meanwhile, the green horizontal level near $3.275 has acted as a pivot on both historical and current timeframes. Its revalidation as support further adds structure to the ongoing pattern.
XRP Holds Support as Bullish Momentum Builds
XRP has now tested the $2.99 level multiple times in recent sessions, and each retest has resulted in a bounce. This level has grown in importance as a short-term floor, aligning with both the ascending trendline and past accumulation zones. As price continues holding above this support, bullish continuation remains structurally viable.
Daily candle closes above $3.275 have become more frequent, suggesting that buyers are maintaining control. Alongside the price action, increased activity in the trading volume further reinforces market participation at these levels. If the compression resolves to the upside, the chart suggests a measured move targeting significantly higher price zones, with $10.1460 appearing as the next major historical resistance.
Tight Consolidation Sets the Stage for Volatility Shift
The triangular formation forming beneath $3.52 now appears increasingly mature. Previous breakouts from similar setups led to impulsive rallies, and the current one holds the same potential if the upper boundary breaks. While the price remains capped under $3.37, any clean move above could open room for further price expansion.
As long as XRP maintains the current structure, the technical outlook remains driven by trendline support and tightening consolidation. The setup reflects reduced volatility but increasing tension between buyers and sellers. This phase could precede sharp directional movement once the breakout resolves either side of the formation.
