XRP is consolidating within a symmetrical triangle with a current price of $2.13, down 1.4% in 24 hours.
There is key support at 2.09 as well as resistance at 2.18 that remain close to hold the price back.
The triangle pattern, which has been in development since February, is also nearing its completion and this could lead to increased volatility in the upcoming sessions.
XRP is consolidating currently in a narrowing symmetrical triangle, as price action has been narrowing progressively since February. The three-day Binance chart has a consistent series of lower highs and higher lows, indicating rising momentum. As it stands now, XRP is trading at $2.13, down 1.4% over the past 24 hours.
The token has priced itself between $2.09 and $2.18 over the same period, with low volatility. Despite the small decline, the structure remains intact. The formation continues to narrow the price range as XRP is getting close to the top of the triangle.
Price Range Narrows as Support and Resistance Hold Firm
In the latest session, XRP maintained support at $2.09, a level that has now held for several weeks. This zone appears critical for maintaining the lower bound of the triangle. Resistance remains defined at $2.18, a level that has capped recent attempts to break higher. Between these levels, price movement has remained restricted, with daily ranges tightening further.
Notably, this ongoing compression has reduced volatility, often a precursor to larger directional moves. The token is currently changing hands at 0.00002058 BTC, posting a mild 0.4% increase against Bitcoin. The triangular structure appears to be converging toward a potential breakout point.
Tight Structure Suggests Imminent Volatility Shift
As XRP moves closer to July, the contracting triangle signals a potential shift in market dynamics. Traders are closely watching the narrowing structure for signs of a directional decision. The price remains firmly bracketed between the triangle’s sloping support and resistance lines.
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However, with each passing session, the space for movement narrows further. Volume has remained stable during this phase, but any breach of the triangle’s boundary may increase activity. The symmetrical triangle is currently forming itself in a series of several months, starting in the latter half of 2024 and concluding in June 2025.
Key Levels to Monitor as Structure Tightens
Support at $2.09 continues to offer a reliable floor, while $2.18 remains the immediate ceiling. Any movement beyond either level may define the next phase for XRP. The token’s tight trading band, combined with the long-term chart formation, suggests that market participants are preparing for a move.
The price has respected both trendlines without false breakouts, which underscores the strength of the current structure. XRP’s price action remains well-contained, yet highly sensitive to directional pressure from either end of the triangle.
The post XRP Consolidates Below $2.18 Resistance — Price Action Tightens in Long-Term Triangle Pattern appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
