XRP holds firm above $2.13, consolidating near major support from multiple technical indicators.
Declining volume signals possible accumulation as traders eye $2.30–$2.36 for breakout confirmation.
Institutional interest and 2017 fractal patterns hint at potential rally if XRP clears $2.65 resistance.
XRP is trading at $2.16 after holding strong above the $2.13 critical support zone. The asset has entered a consolidation phase near a triple confluence of support, formed by a long-term trendline, high-timeframe structure, and the 200-day moving average. Traders are now watching five key resistance levels for a potential breakout confirmation.
Volume Decline Suggests Accumulation as Structure Holds
Maxi, a crypto analyst via X stated that, XRP is respecting a pennant structure, often seen before bullish breakouts. A previous breakout above a key trendline was confirmed by an impulsive candle that formed a new local high.
XRP is now undergoing a retest of that breakout level, with traders closely monitoring for a higher low. Volume profile data shows a drop in trading activity during this phase, which analysts interpret as accumulation.
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If volume increases, price may move sharply in the direction of the prevailing trend. To confirm bullish momentum, analysts stress that XRP must close above $2.30, $2.35, and $2.36. These levels mark a breakout from what some are calling a “mega falling wedge” pattern.
Institutional Backing and Historical Fractals Add to Outlook
XRP-based investment products saw $28 million in outflows last week, yet year-to-date inflows remain at $198 million, ranking third overall. Additionally, Chinese firm Webus International and energy company VivoPower recently announced $421 million in combined XRP treasury strategies.
Analysts also point to similarities with XRP’s 2017 price fractal. The pattern suggests another rally could be underway if the token closes above the next resistance zones at $2.45 and $2.65.
On-chain metrics and open interest above $4 billion also support this setup. XRP remains range-bound for now, but a close above these levels may signal the beginning of a larger move.
The post XRP Holds Above $2.13 as Triple Confluence Zone Signals Critical Support, Here Are the Next Resistance Levels to Watch appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
