XRP trades near the apex of a descending triangle with $1.90 support repeatedly tested and $2.20 emerging as critical resistance.
A bearish candle and court case delay to August have intensified downside pressure as volume remains elevated near $2.36.
Ripple’s legal pause with the SEC may open entry opportunities for institutions while price hovers within the $1.90–$2.36 range.
XRP is trading at a crucial juncture as technical patterns and legal developments converge. The price stands at $2.3664, reflecting a minor 0.03% decline. Over the past few months, XRP has developed a descending triangle pattern, defined by falling resistance and solid horizontal support around $1.90–$2.00. This formation has triggered high market anticipation, especially as the price now trades near the triangle’s apex. Moreover, trading volume has remained elevated, signaling increased participation and growing uncertainty among investors.
This pattern began forming after XRP peaked near $2.90 in early May 2025. Since then, sellers have rejected every rally attempt, forming lower highs throughout May and June. Consequently, the pressure has mounted along the descending trendline. However, buyers have defended the $1.90 support level multiple times, confirming its significance. Each bounce from this zone has briefly revived bullish hopes, but none have sustained upward momentum.
Legal Developments Add Fuel to Volatility
Besides technical signals, legal news added fresh turbulence. Ripple and the SEC filed a joint status report requesting to pause appeals. This pause is pending a district court decision on a motion for an indicative ruling. The postponement pushes the decision date to August, creating more uncertainty in the short term. Hence, this delay may offer large institutions a wider entry window while prices consolidate near $2.00.
Source: Egrag Crypto
Moreover, a recent “nasty candle” appeared near current levels. This bearish candlestick shows intense selling pressure, hinting at a possible continuation of the downtrend. The market reaction was swift, coinciding with the legal update. Consequently, sentiment remains cautious as traders assess both chart patterns and court dynamics.
Next Move Hinges on Key Levels
Additionally, the $2.20 resistance level has emerged as a pivotal line. A confirmed breakout above this could invalidate the bearish triangle. Conversely, any decisive close below $1.90 would likely trigger a sharp move toward the $1.50–$1.60 range. This target is calculated using the triangle’s height. Hence, the coming days may bring high volatility as XRP approaches a major breakout or breakdown point.
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