XRP Price Gears Up: Symmetrical Triangle Points to a Big Move

XRP is coiling up inside a symmetrical triangle pattern, hinting at a potential 25% price swing. Will it be a bull run to $3.50 or a drop to $2.10?

XRP Price Gears Up: Symmetrical Triangle Points to a Big Move

XRP is currently consolidating within a symmetrical triangle, signaling a potential 25% price movement. The direction of the breakout will determine whether XRP rallies or dips.

Symmetrical Triangle: A Ticking Time Bomb for XRP?

Crypto analyst Ali Martinez highlights that XRP has been consolidating within a symmetrical triangle. This pattern typically precedes a sharp price movement, as the price oscillates between converging trendlines.

Martinez suggests a potential rally to $3.50 if bulls regain control. However, a bearish breakout could send XRP tumbling to $2.10.

Whale Accumulation: Are Big Players Betting on XRP?

On-chain data from Glassnode reveals that investors have accumulated over 1.7 million XRP in the past month, the largest accumulation spike in two years. This suggests long-term holders are optimistic about an upcoming rally.

Potential Headwinds: NVT Ratio and Market Sentiment

Despite the bullish signals, XRP's Network Value to Transactions (NVT) ratio has reached a two-month high, potentially indicating a short-term overvaluation. Sentiment on X remains divided, with some traders predicting a surge to $5 and others warning of a return to the $2.70 zone.

XRP Price Forecast: What to Watch For

The immediate support level to watch is $2.84, while the first resistance zone lies between $2.85 and $2.95. A break above $2.85 could pave the way toward $3.07, while failure to hold support could send XRP back to $2.64.

If the symmetrical triangle resolves to the upside, XRP could rise 14–32% in the next two weeks, targeting $3.20–$3.70. Conversely, a bearish break might test $2.10, representing a 25% drop from current levels.

Institutional Interest: Could an XRP ETF Be a Game Changer?

Rumors of a potential spot XRP ETF in the U.S. are circulating, with Polymarket data showing a 77% probability of approval in 2025. Such a development could attract significant institutional inflows, potentially pushing XRP into the $3.20–$3.70 range.

The Bottom Line

XRP's price is at a critical juncture, with a symmetrical triangle pattern suggesting a significant move is on the horizon. Will it be a bullish breakout fueled by institutional interest and whale accumulation, or a bearish breakdown triggered by overvaluation and market uncertainty? Only time will tell. Buckle up, crypto enthusiasts, it's gonna be a wild ride! And who knows, maybe we'll all be sipping margaritas on our yachts funded by XRP gains... or, you know, just watching Netflix. Either way, it's gonna be interesting!