The analyst Crypto Cred observes an ascending triangle pattern on the daily chart. It usually forms when support keeps rising, but the price fails to break through resistance.
This pattern acts as a precursor to a breakout. This is because it indicates that sellers are losing interest and buyers are discreetly purchasing tokens. However, for a breakout to occur, the price of XRP must surpass this resistance, and this will depend on whether buyers are willing to step in.
Crypto Cred states that if the bulls are strong enough to push the price beyond this resistance, which is at $3.66, it is possible that the price could reach $4. He also notes that this would not be the first time XRP confirms an ascending triangle. It did so in July, just before recording gains of over 40%.
A divergence is also forming, as noted by another analyst, CryptoPulse. He points out that, even if the price drops, the volume is increasing. In a recent post on X, he states:
"While Bitcoin cools off, utility-oriented assets like XRP are starting to move on their own, and this is just the beginning. Real volume and liquidity are quietly flowing into these projects."