XRP Price Prediction: Symmetrical Triangle Breakout Targets $5
The post XRP Price Prediction: Symmetrical Triangle Breakout Targets $5 appeared on BitcoinEthereumNews.com.
Key Notes XRP consolidates inside multi-month triangle near $2.15. A breakout above $2.35 could open the path toward $5. ETF listings and whale activity reinforce bullish narrative. XRP is tightening within a large symmetrical triangle on the daily chart. The token is trading around $2.15 as volatility continues to compress, setting the stage for a potential move in either direction. The triangle structure has formed over the past few months, with lower highs and higher lows indicating indecision. These setups typically precede large breakouts when volume returns and traders commit to a direction. Triangle Resistance at $2.35 May Trigger Breakout Toward $5 XRP Price Forecast | Source: TradingView Price is currently coiled between resistance at $2.35 and support at $2.00. If buyers manage to push through the upper boundary, XRP $2.17 24h volatility: 1.0% Market cap: $127.94 B Vol. 24h: $1.75 B could confirm a measured move projection toward $5.00. If the pattern breaks down, XRP may revisit a high-liquidity demand zone between $1.35 and $1.55. This range has supported price action during past consolidation phases and is closely watched by long-term holders. Indicators and Fibonacci Levels Support Breakout Setup The daily RSI sits at 44.33, reflecting mild bearish pressure without entering oversold territory, leaving room for a bullish reversal. The MACD remains flat below the zero line, signaling consolidation rather than trend confirmation. XRP is also consolidating between the 0.382 and 0.5 Fibonacci retracement levels (weekly chart) at $2.26 and $1.91. On the 4-hour chart, price remains capped under the 20 EMA at $2.17, and tight Bollinger Bands signal compressed volatility ahead of a potential breakout. Institutional Demand Adds to Technical Setup Outside the charts, XRP is gaining traction among institutions. On June 18, the Toronto Stock Exchange approved spot ETFs for XRP from 3iQ, Purpose, and Evolve. These…
Filed under: News - @ June 19, 2025 6:28 pm