XRP price holds near $2.39 as traders watch for breakout from symmetrical triangle
XRP consolidates near $2.39, testing key resistance and support levels within triangle pattern
XRP is consolidating around the $2.39 mark after a sharp rally and retracement, signaling a moment of indecision among traders. On the 4-hour chart, the token is forming a symmetrical triangle pattern, with higher lows at $2.28 and resistance building near $2.55.
This technical formation suggests a breakout is imminent, and market participants are watching closely for confirmation via volume expansion.
The exponential moving averages (EMA 20/50/100/200) on the 4-hour chart are showing convergence near current levels, with the 20 EMA at $2.39 and the 200 EMA at $2.40 acting as immediate resistance. A clean move above $2.40–$2.42 could open the door for a rally toward $2.55 and possibly $2.88. On the downside, failure to hold $2.28 support could drag XRP toward $2.18–$2.20, with extended targets as low as $2.00 if bearish momentum accelerates.
XRP price analysis (Feb 2025 - Mar 2025) Source: TradingView.
Momentum indicators show mixed signals
Momentum indicators paint a picture of neutrality with a slight bullish tilt. The RSI (14) stands at 51.45, signaling balanced pressure, but a climb above 60 could validate a bullish breakout. The MACD shows a minor positive crossover, with the MACD line at 0.0022 versus the signal at 0.0065, though the histogram remains subdued.
Bollinger Bands have contracted notably, with the price trading near the mid-band at $2.40. This narrowing suggests a volatility expansion is near. A breakout above $2.47 with volume could trigger a sharp move, while a breakdown below $2.34 may reintroduce bearish control.
Larger trend offers clues for breakout targets
On the daily chart, XRP is navigating within a descending triangle. Resistance near $2.88 remains the larger breakout barrier, while $2.28 is the key support that held during the last correction. A daily close above $2.55 could signal a structural shift in favor of bulls, while a close below $2.28 risks further decline toward $2.00 or even $1.85.
In earlier analysis, we highlighted XRP’s vulnerability beneath $2.88 and its struggle to reclaim upside momentum without clear confirmation from volume and trendline breaks. That view still holds, as XRP remains stuck in a neutral zone, with technical compression and lackluster momentum keeping traders cautious.
