After weeks of low volatility and consolidation, XRP price has pierced through the bull market support band and is testing the apex of a year-long triangle. XRP price today stands at $2.26, with bulls pushing to reclaim $2.30 – a level that may determine whether this breakout attempt holds or stalls.
What’s Happening With XRP’s Price?
On the daily chart, XRP has spent the past few months compressing inside a symmetrical triangle pattern, bounded by descending resistance near $2.35 and rising support just above $2.00. The latest candle is nudging above the triangle’s upper boundary, testing key supply near $2.30–$2.3458.
The bull market support band, composed of weekly EMA20 and EMA21, has just been reclaimed. This is a major structural shift from previous rejections and could mark the start of a trend reversal if sustained. Meanwhile, Volume Profile shows heavy accumulation just below $2.20, and Value Area High aligns closely with the breakout zone — reinforcing its importance.
Market structure is currently neutral-bullish, but upside conviction will depend on a decisive move above $2.345 and weekly close be…
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