XRP, the fourth largest cryptocurrency, could be gearing up for significant volatility if a key chart pattern holds.
XRP price action
XRP continues to trade within a symmetrical triangular pattern, suggesting a balance of supply and demand.
At the time of writing, XRP was trading in green amid an ongoing market sell-off, up 1.61% in the last 24 hours to $2.35.
The daily RSI slightly above the midpoint gives a slight edge to the bulls. If the XRP price breaks and closes above the barrier at $2.50, it might spark a rally to $2.72 and then to $2.90. In contrast, a break and close below the support line at the daily SMA 50 at $2.21 might trigger a fall to $1.62.
XRP metrics bullish
A slew of XRP metrics have flipped bullish at 2025's early start.
According to the on-chain analytics platform Santiment, the amount of hodlers for various crypto assets has fluctuated wildly since the new year.
Since the massive price surge that saw XRP's value jump 455% (from Nov. 1 to Dec. 2), there has been an increased level of optimism from the crowd. Currently, sentiment is slightly bullish.
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