XRP Eyes Major Breakout as Price Closes in on Key Resistance

• A break over $2.80 or a decline to $1.99 is indicated by XRP’s trading within a decreasing triangle.
• Declining volume suggests price compression, but a breakout might create strong momentum in the $3.70–$3.80 zone.
• Market observers watch it because a break above the $2.80 barrier level could signal a bullish rise with more trading activity.

XRP is consolidating within a symmetrical triangle, and analysts expect a breakout soon. The asset trades around $2.57, hovering near a crucial resistance zone at $2.80.

Triangle Pattern Signals Imminent Breakout

According to market analyst X Finance Bull, XRP’s price continues to respect its support and resistance levels within the accumulation range. The symmetrical triangle pattern indicates price compression, a phase that typically leads to a significant breakout. A surge above the trendline could push the price toward the $3.70-$3.80 range, while a drop below support may send it toward the buy zone at $1.99.

Volume levels have declined, signaling reduced volatility. However, an increase in trading activity could confirm the breakout direction. The bid-ask spread remains tight, reflecting strong market participation. Price action suggests that traders are waiting for confirmation before making large moves.

Resistance Zone Holds Key to Price Movement

Earlier price action shows a sharp drop before entering this consolidation phase. Strong support is still being provided by the lower trendline, which stops additional drops. A bullish rally might be triggered by an upward breakout if the price stays above this trendline.

According to market analyst Steph Is Crypto, XRP’s price movement reinforces expectations of an imminent breakout. The symmetrical triangle nears its apex, indicating that a decisive move could happen soon. The price has tested a red resistance zone near $2.80 multiple times but has not yet broken above it.

Candlestick patterns remain mixed, alternating between bullish and bearish formations. However, a breakout above $2.80 could confirm strong upward momentum. If the price fails to break resistance, it may retest lower support levels before attempting another move