XRP Price Prediction: Can XRP Break Out of Multi-Month Triangle?
2025-07-01 11:52:49
Main Idea
XRP's price is currently trading within a multi-month triangle formation, showing indecision but with potential for a breakout if key resistance levels are surpassed.
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.
Description
The XRP price today is trading around $2.22 after a failed attempt to sustain above $2.30 in the last 24 hours. While the token has reclaimed bullish momentum from last week’s lows near $2.05, a decisive breakout is still lacking. Technical indicators show XRP trapped within a large multi-month symmetrical triangle, with volatility compressing rapidly ahead of a possible price expansion. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) On the daily chart, XRP price is ...
Latest News
- 6 Key Events in July That Could Shake the Crypto Market2025-07-04 05:49:43
- Crypto Market Trades Sideways at $3.44T as ETFs and Corporate Buys Fuel Optimism2025-07-04 05:49:29
- Robinhood Launches Ethereum Layer 2 with Arbitrum2025-07-04 05:49:17
- How Will Robinhood’s Arbitrum-Built Tokenized Stock Offering Impact European Investors?2025-07-04 05:48:43
- From ETFs to New Tech, These Four Altcoins Have Major Catalysts Lined Up2025-07-04 05:48:23