After weeks of stagnant and frustrating price action, XRP is finally nearing a decisive move. The symmetrical triangle forming on the one-hour XRP/USDT pair suggests decreasing market volatility as prices are squeezed between converging trend lines. While this pattern signals indecision, it often leads to sharp continuations once a breakout occurs.
XRP is trading around $2.05, with a clear break above the resistance suggesting a conservative move target around $2.40—16% higher from now. The swings inside the triangle have narrowed significantly, pushing XRP closer to the apex where markets typically unravel quickly and sharply.
The real issue is that XRP hasn't capitalized on the historic wave of ETFs that should have triggered a stronger market reaction. Several spot XRP ETFs, led by Canary Capital's XRPC, have already generated over $900 million in inflows. This level of institutional interest would normally generate momentum, but the heavy deployment of large investors and Bitcoin's slide below $90,000 have all but wiped out that advantage.
Result for XRP
The token is currently 43% below its all-time high and nearly zero since the start of the year, a stark contrast to the hype surrounding ETF approvals.
If the bulls take control at the edge of the triangle, XRP will eventually get a clean enough setup to break out of its stagnant trend; however, if the breakout fails, the pattern will revert to yet another downtrend continuation.
*This is not investment advice.
