XRP Bulls Push Toward Key Resistance as Ascending Triangle Apex Approaches

• XRP bulls are testing the $2.75 resistance within an ascending triangle, with a potential target of $3.20 upon breakout.
• Trading volume has spiked during resistance tests, indicating heightened market interest near the ascending triangle apex.
• Higher lows persist as bulls maintain pressure, with price action around $2.75 likely to determine the short-term trend.

XRP is glimpsing increased market activity as bulls attempt to secure a position above the apex of the ascending triangle. The 12-hour time frame shows amplified trading volume with price movements sampling critical resistance levels. 

Price Movement Around Key Levels

According to analyst Egrag Crypto, XRP has been exchanging within an ascending triangle print, with buyers showing strong interest near the apex. The $2.75 resistance level remains a critical point as price action continues to test this zone. 

Sustained movement above this level could indicate market strength, increasing the likelihood of targeting the next level at $3.20. The pattern reflects consistently higher lows, signaling increased buying pressure within the formation.

Trading volume has seen noticeable spikes during tests of the resistance line. This activity indicates that market participants are closely monitoring XRP’s behavior at the apex. Price consolidation below $2.75 has created a narrow trading range, with bulls attempting to overcome seller resistance. 

Breakout Implications, Market Sentiment, and Trading Behavior

A confirmed close above $2.75 would mark a significant technical development. Should XRP maintain momentum, it could push toward the measured target of $3.20. This level aligns with historical price zones that have previously acted as resistance. Market participants remain focused on price action around the apex, as movements beyond this range may define the short-term trend.

Bulls are actively engaging at current levels, maintaining upward pressure near the triangle’s resistance. Meanwhile, sellers are defending the $2.75 mark, resulting in brief price rejections. Despite these challenges, higher lows persist, reflecting continued buying interest. If the price holds above the apex, it may validate the ascending triangle’s bullish implications.
XRP’s price action over the coming sessions will determine whether the $3.20 target becomes attainable. Market participants are watching for confirmation through price closures above key resistance levels. Trading behavior suggests an imminent decision point as the ascending triangle approaches its conclusion.