Source: ETHNews
Original Title: XRP Moves Toward a Critical Zone as Traders Watch for a Breakout
Original Link:
XRP is edging into a market zone where momentum often shifts quickly, and this week’s price behavior reflects that growing pressure.
The asset has spent several days compressing inside a tightening triangle, while volume trends across the higher timeframes reveal a market where sellers are losing conviction and demand is gradually returning.
Analysts now describe this setup as one of the cleaner inflection points XRP has seen in weeks, a phase where compression typically precedes expansion.
Triangle Compression Signals a Pending 16% Move
The short-term chart shows XRP coiling inside a large symmetrical triangle, the same structure highlighted by analyst Ali Martinez. Each lower high and higher low has pulled price closer to the apex, and the pattern is now reaching the stage where breakouts generally unfold.
The chart shows how price recently dipped toward the lower trendline and immediately rebounded, confirming active buyers near the base of the formation. The upper boundary remains the key barrier, and a clean break above it would technically open the door for a 16% measured move, based on the height of the pattern.
Until the breakout arrives, XRP continues to oscillate tightly, with the TradingView chart showing a gradual recovery toward $2.09 after the early-week pullback. This tightening range is typical in the final phase of triangle compression, where volatility contracts before momentum returns.
Volume Behavior Strengthens the Bullish Narrative
EGRAG CRYPTO’s volume analysis adds a second signal to this setup. On the 5-day chart, each down move has been accompanied by declining sell volume, a classic sign that sellers are exhausted. In contrast, every bounce has shown stronger volume, suggesting demand is stepping in at key points.
The chart shows a cluster of similar reactions at the lower boundary: price dips, volume weakens, buyers absorb, and XRP returns to the mid-range. This rhythm has formed several times across the chart, building a consistent pattern of accumulation rather than distribution.
Volume rarely lies at macro turning points, and analysts argue that this behavior fits the early stages of an upside continuation, if price confirms the breakout.
Market View: Pressure Builds as XRP Approaches Its Decision Zone
The broader market context also matters. XRP is still trading above its recent lows and has held a stable trend since bouncing earlier in the week. The $2.00–$2.10 range has acted as a steady consolidation band, and the latest candles show another attempt to push toward the upper boundary of the triangle.
If XRP breaks upward, momentum traders may enter quickly, amplifying the move and aligning the price with Ali’s 16% projection. If price rejects, the lower trendline becomes the level to monitor for maintaining the pattern’s integrity.
For now, the compression continues, and all eyes are on which side gives way first.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
XRP Moves Toward a Critical Zone as Traders Watch for a Breakout
Source: ETHNews Original Title: XRP Moves Toward a Critical Zone as Traders Watch for a Breakout Original Link: XRP is edging into a market zone where momentum often shifts quickly, and this week’s price behavior reflects that growing pressure.
The asset has spent several days compressing inside a tightening triangle, while volume trends across the higher timeframes reveal a market where sellers are losing conviction and demand is gradually returning.
Analysts now describe this setup as one of the cleaner inflection points XRP has seen in weeks, a phase where compression typically precedes expansion.
Triangle Compression Signals a Pending 16% Move
The short-term chart shows XRP coiling inside a large symmetrical triangle, the same structure highlighted by analyst Ali Martinez. Each lower high and higher low has pulled price closer to the apex, and the pattern is now reaching the stage where breakouts generally unfold.
The chart shows how price recently dipped toward the lower trendline and immediately rebounded, confirming active buyers near the base of the formation. The upper boundary remains the key barrier, and a clean break above it would technically open the door for a 16% measured move, based on the height of the pattern.
Until the breakout arrives, XRP continues to oscillate tightly, with the TradingView chart showing a gradual recovery toward $2.09 after the early-week pullback. This tightening range is typical in the final phase of triangle compression, where volatility contracts before momentum returns.
Volume Behavior Strengthens the Bullish Narrative
EGRAG CRYPTO’s volume analysis adds a second signal to this setup. On the 5-day chart, each down move has been accompanied by declining sell volume, a classic sign that sellers are exhausted. In contrast, every bounce has shown stronger volume, suggesting demand is stepping in at key points.
The chart shows a cluster of similar reactions at the lower boundary: price dips, volume weakens, buyers absorb, and XRP returns to the mid-range. This rhythm has formed several times across the chart, building a consistent pattern of accumulation rather than distribution.
Volume rarely lies at macro turning points, and analysts argue that this behavior fits the early stages of an upside continuation, if price confirms the breakout.
Market View: Pressure Builds as XRP Approaches Its Decision Zone
The broader market context also matters. XRP is still trading above its recent lows and has held a stable trend since bouncing earlier in the week. The $2.00–$2.10 range has acted as a steady consolidation band, and the latest candles show another attempt to push toward the upper boundary of the triangle.
If XRP breaks upward, momentum traders may enter quickly, amplifying the move and aligning the price with Ali’s 16% projection. If price rejects, the lower trendline becomes the level to monitor for maintaining the pattern’s integrity.
For now, the compression continues, and all eyes are on which side gives way first.