The price of Ripple ($XRP ) is approaching a key breakout area and is trading steadily within a multi-month symmetrical triangle pattern. The structure has continued to contract, with the price now hovering near the upper trendline, a resistance level that has been in place since February. The 200-day exponential moving average (around $2.06) remains as a dynamic support, with the price stabilizing above a key demand zone that previously ignited a strong rally. The risk-to-reward ratio is clearly defined: the potential for upward movement towards $2.97-$3.30, with the possibility of invalidation below $2.10 and $1.80. This is a high-confidence area. A confirmed breakout with volume may indicate a shift in momentum and trigger another rally wave. DYOR, NFA #SolanaETF #H100 #XRP #XRPETF
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.