The current situation regarding XRP prices is analyzed within the context of forming a symmetrical triangle. Analysts expect a possible breakout in the short term.
XRP Price Action Structure
Since XRP began consolidating in January 2025, the price has shown compression within a symmetrical triangle. Analyst XRPunkie (@Shawnmark7899) noted that the asset is near the apex of this triangle, with a price around $2.1.
Current Resistance Levels and Predictions
The analyst highlighted that XRP faced resistance that has persisted for nearly six months. According to him, the price is at a critical juncture: "Either we get a strong rejection here and continue to move sideways, or we’re going to break out soon."
Market Expectations
Market participants are closely monitoring the situation. A successful breakout above the trendline will be an important confirmation signal for a return of bullish momentum. Positive dynamics in the $13-$15 range may show a return of investor interest in XRP.
In the coming weeks, traders and analysts will closely observe XRP, anticipating a potential breakout. The ongoing compression of the price channel may lead to significant changes in the asset's dynamics.
