XRP, the native cryptocurrency of Ripple, is currently in the process of consolidation within a triangular structure, with resistance at $3.3 serving as a major barrier for continued price increase, and support at $2.8 acting as an important threshold. The breakout direction from this compression structure may determine XRP's medium-term direction.
On the daily chart, the Ripple token is forming a symmetrical triangle pattern, with lower highs putting pressure on gradually rising support near $2.8–$2.9. This structure reflects a market equilibrium phase as participants prepare for the next decisive move.
The overall positive structure remains intact as long as the stock price holds above the $2 demand zone, which also coincides with the lower boundary of the ascending arc pattern. Breaking the $3.3 resistance could reveal the swing high of $3.5, potentially paving the way for a retest of the channel high near $3.7.
Conversely, if the $2.8 support level cannot be defended, the price may correct deeper into the $2 range, where the next significant supply-demand cluster is located.
On the 4-hour chart, XRP continues to respect the upward trend support line, consistently defending the $2.8–$2.9 area. This has created a contracting triangle structure, consistent with the ongoing consolidation process.
The short-term resistance is around $3.2, where several candle wicks show ongoing selling pressure. A clear breakout above this level will confirm the upward momentum and open the door to around $3.3–$3.5, while otherwise, XRP may be constrained within a range or could even drop to the supply-demand level of $2.7.
Currently, Ripple's asset is still trapped between the resistance level of $3.2 and the upward trend support line, awaiting a decisive breakout to establish the next directional trend.
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