The post XRP Breaks Descending Triangle as Trading Volume Surges appeared on BitcoinEthereumNews.com.

As various bullish on-chain metrics continue taking center stage, the 4th-largest cryptocurrency based on market capitalization might be gearing up for its next leg up. Is XRP Gearing up for a Bullish Break? According to market analyst Lingrid, “XRP is breaking out from a multi-month descending triangle after reclaiming the upper boundary with a clear bullish break. Price action shows a sequence of compression patterns, with each breakout gaining strength from underlying support levels.” Source: Lingrid Since a descending triangle typically forms during a downtrend and consists of lower highs and a relatively flat support level, price breaking above the descending resistance line signals that selling pressure is weakening and buyers are taking control. Therefore, XRP is experiencing a shift in market sentiment. Lingrid added, “A clean move above the triangle now points to a potential climb toward the $2.60–$2.70 target zone. As long as the price stays above $2.15, this rally may gain traction with increasing momentum.” At the time of this writing, XRP was hovering around the $2.22 zone, representing a 6.6% increase in the past week.  As bullish momentum builds for the 4th-largest cryptocurreny, it remains to be seen whether XRP will soar to the psychological price of $5.  XRP Trading Volume Explodes Coinglass reports a surge in trading volume across major exchanges, led by Binance at $2.77B, followed by Bitget ($2.11B), Bybit ($1.20B), and MEXC ($674.81M). Source: Coinglass When XRP’s trading volume explodes across major exchanges, it signals a significant shift in market activity and investor interest.  Therefore, when aligned with upward price movement and positive news, it reflects increased interest, potential institutional activity, and a possible trend acceleration. Interestingly,  breakouts from descending triangles are often accompanied by a spike in trading volume, which confirms the strength of the breakout and suggests that more participants are…

---

Filed under: News - @ July 5, 2025 9:22 am