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XRP trades within a triangle that is symmetrical, indicating a major breakout in the near future.
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A bullish breakout over resistance could push XRP towards $1.50, and possibly $1.80.
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Losing the triangle support can trigger a drop towards $1.33 or even $1.20.
XRP is at one of the biggest technical inflections points it has seen in months. According to ChartNerd analyst, the market will be forced to make a decision, whether it wants to or not.
XRP has been trapped in a symmetrical triangular pattern for the past five weeks. It is squeezed between a major descending support line and a rising floor of support. Multiple points of contact confirm that the structure is real, and is respected by the market.
As of today, XRP has been pressing directly against the resistance line in what an analyst calls a “live breakout attempt”. The apex, or the point where two lines converge to force a definitive movement, falls around the 25th of March.
The Bullish Path
If XRP breaks through triangle resistance, then the first target will be $1.50. This level has been a significant ceiling for most of February. If XRP clears and holds above $1.50, it will open the door for $1.80. This is a former support from December 2025. XRP hasn’t yet tested this level as resistance since losing in late January.
Analysts said that XRP had been defending $1.33 throughout February as a key resistance, and consistently held above the midpoint in its broader range. This structural strength is encouraging to bulls.
The Bearish Risk
A failure to break above the previous high tells a completely different story. If XRP loses ascending triangular support heading into the apex then the first downside target would be a retracement down to $1.33. This is followed by the candle lows of early February around $1.20.
Analysts warn that a more aggressive selling campaign could fill the gap between $1.10 and 70 cents.
But no breakout has yet been confirmed. Analysts are waiting for either a clean break above triangle resistance that leads to $1.50 or a loss in ascending support which confirms a bearish scenario.
Related :XRP Nears Key Bottoming Zone As Analysts Eye $50 Goal
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