XRP continues to consolidate within a symmetrical triangle, drawing increased attention from traders.
Price Range Narrows as Support and Resistance Hold Firm
XRP is currently trading at $2.13, down 1.4% over the past 24 hours. Key support is at $2.09, while resistance is at $2.18. The triangle pattern, which has been developing since February, remains intact despite the small decline.
Tight Structure Suggests Imminent Volatility Shift
As July approaches, the contracting triangle signals a potential shift in market dynamics. Traders are closely watching this narrowing structure for directional movement. Volume has remained stable during this phase, and any breach of the triangle's boundary may increase activity.
Key Levels to Monitor as Structure Tightens
Support at $2.09 continues to reliably hold the price from the lower bound of the triangle, while resistance at $2.18 remains the immediate ceiling. Movement beyond either level may define the next phase for XRP.
The current XRP price action remains sensitive to directional pressure from either end of the triangle, with traders anticipating a breakout from this tight range.
