- XRP must hold $2.973 to stay on track for a breakout toward $3.12122 and higher.
- Support sits at $2.957, $2.912, and $2.85, which are critical for maintaining bullish momentum.
- Broader market strength and institutional inflows support XRP’s potential move beyond the $3.00 range.
XRP continues to trade in a strong ascending triangle pattern as traders monitor key levels. At the time of writing, XRP was trading at $2.98, holding above a critical price area. As long as XRP remains above $2.973, the market stays on track to reach the apex of the ascending triangle with a measured target of $3.12122, with room for further upside.
Key Levels and Market Structure
Egrag Crypto stated that XRP must defend $2.973 to keep momentum intact. He explained that as long as XRP stays above $2.973, it remains on track to reach the apex of the ascending triangle and make its move, with a measured target of $3.12122 that could even extend further.
According to the analysis, if XRP breaks through the ascending triangle, traders should watch the 21 EMA at $2.957 for immediate support. The 100 EMA at $2.912 serves as another support level within the structure. These moving averages reflect short- and mid-term momentum while shaping the current framework.
If price falls below these moving averages, attention shifts to $2.85 as the critical retest level. Analysts stress that XRP must maintain $2.85 to avoid weakening the bullish structure. Holding this area would keep the ascending formation valid and preserve the possibility of an upward continuation.
Broader Market Context
The chart shows XRP trading within an ascending triangle, supported by consistent buyer activity. Price action has respected higher lows, showing compression toward resistance near $2.9180. Another target of $3.20 may emerge if bullish momentum continues.
According to an observation by Tom Tucker, XRP broke above the $2.95–$3.00 range after months of consolidation. He added that institutional inflows remain steady, with open interest rising 11% to $8.3 billion. Tucker also noted that key levels to watch include $3.08, $3.27, and $3.66.
With altcoins nearing important resistance areas and Bitcoin forming an inverted head and shoulders setup, analysts suggest XRP could benefit from broader market strength. The technical structure is so far positive, and the market price above $2.973 is continuing the bullish direction.
