XRP Forms Descending Triangle as $5.00 Breakout Levels Come Into View

⬤ XRP continues trading within a well-defined descending triangle structure on the 2-day chart, showing a prolonged consolidation period. The pattern shows price compression intensifying as XRP moves between a declining resistance line and a stable support zone. The chart clearly shows this tightening range, following earlier volatility and setting up a potential directional move.

⬤ XRP is holding above the midline of the descending triangle, showing that downside pressure hasn’t fully taken control. Despite repeated tests of the upper boundary, resistance has stayed firm, while the lower support zone keeps attracting buyers. This balance between supply and demand has created progressively smaller price swings—a classic compression phase where volatility contracts before breaking out.

Price compression intensifying as XRP moves between a declining resistance line and a stable support zone.

⬤ The technical structure outlines potential upside levels if XRP breaks out of the triangle. The chart highlights zones starting near $2.00, followed by $2.30, $3.00, $3.37, $4.00, and reaching toward $5.00. These levels match prior reaction areas visible on the chart and serve as reference points rather than confirmed targets. Until a breakout above the descending resistance happens, the triangle structure remains the main factor guiding price action.

⬤ This consolidation matters for the broader crypto market because extended compression often comes before sharp volatility spikes. XRP has historically shown strong directional moves after prolonged range-bound periods. As price keeps compressing within the descending triangle, the market is nearing an inflection point where a breakout or continued consolidation could shape near-term sentiment and trading dynamics across digital assets.