- XRP nears breakout as price compresses within $2.90–$3.00 symmetrical triangle range.
- Analysts target $3.46–$7.62 if $3.08 resistance breaks and holds as new support.
- RSI above 50 and positive MACD signal momentum building for bullish continuation.
XRP is currently trading at $2.87 while continuing to hold its consolidation structure within a narrowing range. The market has compressed toward a symmetrical triangle pattern, with price action nearing the apex. Traders are closely monitoring the $2.99–$3.08 levels, as confirmation above these levels could validate the next bullish continuation phase.
XRP Price Consolidation Near Apex
According to an observation by Casi Trades, XRP recently tested the lower boundary of its consolidation and rebounded strongly. The price structure has held firm as no new lows were recorded, keeping the broader count and macro extensions intact.
The apex of the triangle aligns with the 0.382 Fibonacci retracement level at $2.99. Technical levels indicate resistance near $3.08, which remains the breakout threshold. A confirmed move above this point, followed by a retest as support, could strengthen continuation prospects.
Market data shows consolidation continues to coil around the $2.90–$3.00 cluster, where energy compression is becoming more evident. This tightening range reduces time before a decisive move occurs.
Indicators Support Breakout Scenario
According to analysis prepared by Bobby A, the long-term XRP chart mapped key Fibonacci retracements from the 2017 peak. The analysis projected potential upward targets within the $3.46 to $7.62 range if continuation unfolds. This projection coincides with strengthening technical momentum.
The Relative Strength Index on the 4-hour chart remains above 50 and trends upward, confirming momentum during consolidation. MACD readings have shifted positive, with histogram levels rising, reflecting gradual strengthening of bullish conditions. Volume levels remain stable, while the symmetrical triangle structure points toward reduced volatility before expansion.
The projected wave structure indicates a possible move toward $4.47 before a retracement toward $3.70. Defending $2.85 support keeps this bullish outlook valid, while failure risks deeper correction. Analysts note that continued coiling around $2.90 to $3.00 increases the breakout probability as XRP nears decision levels.
