đ Ripple (XRP) â Daily Technical Analysis (~$2.85)
XRP is trading around $2.85, with an intraday range of $2.82â$2.88.
General Technical Consensus:
đ TradingView signals Neutral.
đ Investing.com shows mixed daily readings but strong bullish on weekly/monthly.
⥠Overall: Balanced, with momentum building slowly.
Momentum & Indicators:
đș A symmetrical triangle pattern is formingâcommon pre-breakout structure.
đ Analysts eye resistance at $3.00â$3.05; a breakout there could target $3.30+, even reaching $5 if momentum sustains.
đ Daily volume remains solid (~$5.9B), signaling strong market interest.
Support & Resistance Levels:
đĄïž Supports: $2.82 â $2.65
⥠Breakout Zone: $2.86â$2.88 â $3.00+
đ Upside Targets: $3.30 â $5.00 (pattern projection)
Trading Outlook:
â Bullish case: A breakout and close above $3.00 with volume may trigger a move to $3.30 and potentially $5.
â ïž Bearish case: Falling below $2.82 could invalidate the pattern, pushing toward $2.65 or lower.
Bottom Line:
đ„ XRP is coiling within an ascending triangle near $2.85. A clean breakout above $3.00 could lead to strong upsideâpotentially toward $5. Watch for volume strength to confirm.