XRP trades near $2.50 resistance as dual formations compress price action; volume trends indicate a decisive breakout ahead.
A symmetrical triangle breakout earlier this year triggered a bullish flag, hinting at continuation toward $4.00-$6.00 targets.
Support near $2.10 and resistance at $2.50 define XRP’s critical levels; RSI and volume trends signal market indecision.
XRP’s weekly chart shows price compression within dual technical formations, signaling a major move in the near term. Traders are tracking $2.50 and $2.10 closely, with volume trends suggesting a breakout may be imminent.
Weekly Chart Highlights: Multi-Year Consolidation
XRP continues to trade within a well-defined symmetrical triangle, stretching from July 2021 through late 2024. XRP price has respected both ascending support near $0.40 and descending resistance around $2.00 for over three years. This consolidation phase has been marked by decreasing volatility and a steady decline in trading volume.
A recent analysis by John Carter highlights the significance of this structure. The break of the triangle in early this year was followed by a swift rally to $2.50. The price surge has now developed into a bullish flag pattern, which indicates potential continuation of the uptrend.
Jonathan Carter has provided additional insights into this multi-phase technical setup. According to Carter, the triangle breakout led to a flag pattern bounded by $1.50 and $2.50. He identified this range as critical for the next move, with volume contraction pointing to trader indecision.
Carter also noted that previous support between $0.40 and $0.80 provided multiple rebounds, confirming long-term demand. Resistance levels around $2.00 and $2.50 have repeatedly capped price action since 2021. A sustained breakout above $2.50 may open room for an extended rally toward $4.00 or even $6.00.
Besides volume and price structure, Carter emphasized the role of RSI behavior. Readings spiked during the breakout and fell gradually during consolidation, now hovering near neutral at 50. This suggests a reset in momentum, awaiting a confirmed directional move.
Pattern Apex Nears as Triangle Tightens
Analyst STEPH IS CRYPTO has presented a comparative analysis based on recent XRP price behavior. His review focuses on a symmetrical triangle that began forming in early 2025, revealing compressed action within converging boundaries.
Price currently holds near $2.43, just below the resistance zone intersecting around $2.50. Support has remained firm near $2.10, repeatedly absorbing downward pressure in recent weeks. As the triangle approaches its apex, volume continues to diminish, signaling reduced participation before a potential breakout.
The analyst also pointed out that the triangle height measures roughly $1.40, offering a projected target of $3.90. A breakout above $2.50 could validate this move, aligning with historical resistance levels from previous cycles. A breakdown below $2.10, however, could reverse momentum toward $0.70, where major support remains.
Historical context shows an earlier rally from $0.50 to $3.30 before consolidation began. The current price pattern may serve as either a mid-cycle pause or an inflection point. Traders are watching volume and price action closely as May draws to a close.
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