XRP Price Prediction: Can XRP Break Out of Multi-Month Triangle?

Key Points

1. XRP price is trading around $2.22, trapped within a multi-month triangle formation with lower highs from March and support above $2.00.

2. Technical indicators like the Supertrend and Parabolic SAR show bearish signals, while the DMI reflects market indecision with ADX at 21.

3. Short-term decline is due to rejection from the $2.30-$2.35 resistance zone, with RSI and MACD indicating weakening momentum.

4. XRP remains above EMA 20 and 50 zones ($2.20 and $2.17), offering near-term support; a close above $2.28 could confirm bullish continuation.

5. Key levels to watch: resistance at $2.26 and $2.34, support at $2.20 and $2.06; breakout confirmation requires a daily close above $2.30 with high volume.