The cryptocurrency market continues to monitor XRP's movement, which has seen a slight decline this week, but analysts believe the growth potential remains strong.
XRP Consolidates in a Triangle
Popular trader Ali shared a chart showing XRP is moving within a **triangle pattern** on the 4-hour timeframe. Such setups often indicate a market pause before a larger move. Ali noted that the breakout level sits at **$3.26**. If the price can push above that point, the next target could be **$3.90**.
Weekly Chart Suggests Bigger Upside
On the higher timeframe, analyst Rose sees an even stronger case for XRP. She highlighted that the token broke out of a **long-term descending wedge** — a classic bullish reversal signal. After the breakout, XRP made a sharp move higher but is now pulling back. Rose expects the retracement to continue toward the **0.5–0.618 Fibonacci zone**, which is around **$2.80 to $2.60**. She views this as an ideal buying spot.
Future Support and Resistance Levels
Currently, traders are focused on two key areas: **$3.00** support and **$3.26** resistance. Staying above $3.00 maintains the price structure, while breaking past $3.26 could confirm the next bullish wave. Analysts agree that XRP still has significant growth potential, whether a breakout occurs soon or after a dip.
In conclusion, despite the recent dip, analysts express confidence in XRP's potential for future growth, which could occur following the breach of key levels.
