XRP has entered a critical moment on the three-day chart, with trading activity forming a symmetrical triangle that has been maintained since mid-January. This pattern is defined by a downward-sloping resistance level and an upward-sloping support level, currently compressing towards the apex.

Cryptocurrency analyst Steph Is Crypto (@Steph_iscrypto) reviewed this setup in a recent video, stating that this structure may soon be resolved due to significant price fluctuations.

Current market data shows that XRP is trading close to $2.27, with trading volumes in the cryptocurrency space noticeably low.

Historically, low trading volumes often precede significant volatility, and Steph emphasized that this trend is similar to the situation before XRP's breakout in November 2024, when XRP surged from around $0.5 to a multi-year high of $3.39.

Additionally, he pointed out that XRP's Bollinger Bands are at their tightest level since November, raising concerns about an imminent key volatility indicator.