Just looked at the XRP analysis shared on-chain by Egrag Crypto, and this observation is worth paying attention to. He points out that XRP is forming a classic ascending triangle below Zone 1($1.65-$1.70), which is a very interesting technical pattern. The current price is $1.33, still some distance away from this key area.

The logic of the ascending triangle is quite straightforward: the rising lows indicate ongoing buying interest, while the top area consolidates liquidity from sellers. Once this compression breaks out, it usually triggers a strong price reaction. Egrag Crypto estimates the probability of XRP breaking through Zone 1 is about 65%, but there’s also a 35% failure risk, which could cause liquidity to be swept below the triangle first.

From a catalyst perspective, regulatory positives like the Clarity Act could be key. If the legal status of digital assets is clarified, the liquidity above Zone 1 might be released. But to truly push into Zone 2($2.60), sustained support from institutional funds, ETF allocations, and Bitcoin stability are needed. Egrag Crypto mentioned that a weekly close above $1.85-$2.00 would be a sign of entering an expansion phase.

The recent weeks’ trend is definitely worth watching. If technical and fundamental factors align, XRP could make a significant move. Of course, risk management must be in place, as a 35% failure probability is real.