XRP Primed to Explode as Symmetrical Triangle Formation Nears Completion: Here's the Target

Ripple's XRP has experienced considerable price pullback from the November rally, and analysts are watching key levels closely.

Ripple’s XRP token has seen a significant pullback from the November rally, and key levels are being closely monitored by analysts. According to market analysis, the token’s further direction depends on breaking through at least one of these barriers, which will mark the end of the current consolidation.

Market analyst Egrag Crypto has highlighted $2 and $2.9 as the two critical levels for XRP. He expects XRP to trade within this range until a breakout occurs. If the breach falls below $2, bearish pressure may follow, pushing XRP toward $1.64 and $1.37 levels, as noted by another analyst, Dom.

On the other hand, if the price rises above $2.65, it will indicate bullish pressure and could drive the XRP price to $3 or even $5. As Egrag points out, these barriers are crucial because traders are watching them closely to anticipate the direction of the token’s next big move.

Despite the current downward trend, other analysts remain optimistic about XRP’s future. According to market commentator Gordon, the token is on the verge of a major price breakout. Analyzing an XRP/USD chart, he noted that the token is currently forming a symmetrical triangle, a bullish formation that typically precedes price movements.

However, other analysts are still positive about the future of XRP despite the current downward trend. According to market commentator Gordon, the token is close to a significant price surge. Analyzing an XRP/USD chart, he said that the token is currently in a symmetrical triangle, which is a bullish formation that precedes price movements.