Ripple Technical Analysis: 26 MAR 2025
XRP’s symmetrical triangle is closing a potential breakout. Source: TradingView
General View
XRP is maintaining a bullish structure in the short term, trading within an ascending channel while holding above the range mid-point. This suggests buyers are still in control, preventing any deeper retracement. At the same time, price action has formed a symmetrical triangle, which is nearing a potential breakout zone. A decisive move in either direction could set the tone for the next major trend. If bulls continue to defend key levels, an upward breakout remains the more favorable scenario. However, failure to hold support could shift momentum back to the bears.
On The Upside
The immediate resistance zone is near $2.48–$2.50, where price is approaching the triangle’s upper boundary. A strong breakout above this level, particularly with high volume, could propel XRP toward the $2.70–$2.90 resistance zone, aligning with the range high.
On The Downside
The range mid point has been flipped into a support now. Price has first intra-day support at 2.45 level followed by 2.40 the mid-point range. Additionally, further supports are starting to converge around the range mid point, making it even more significant. Unless this level is breached, XRP is likely to hold decently strong.
Price starting to sustain above the range mid-point. Source: TradingView
