XRP hovers around $1.10 to $1.11 as it consolidates just below key resistance between $1.12 and $1.15, forming a symmetrical triangle on its daily chart. This pattern suggests volatility is narrowing and traders are positioning for a potential move, with $1.35 being eyed as a possible breakout target.
Technical Patterns and Market Momentum
The symmetrical triangle emerges after XRP's long retreat from highs above $3.50 in early 2025. Converging trendlines indicate sellers are losing steam while buyers defend higher lows, signaling a contraction in price action that often precedes a significant directional shift. Market analyst Crypto Patel pointed out that funding rates in perpetual futures have turned positive, which means traders are increasingly willing to pay a premium to hold long positions. Alongside this, the 30-day Z-Score climbed above zero, revealing that XRP is trading above its recent average after some consolidation.
Importantly, spot buyers have re-entered without heavy use, implying genuine demand rather than speculative borrowing. This healthy setup reduces the risk of volatile liquidations if a rally develops.
Resistance Levels and Indicators to Monitor
XRP faces immediate resistance at the 50-day exponential moving average near $1.14. Beyond that, hurdles appear around $1.25 and then near $1.35, a level that would offer stronger confirmation of a trend reversal if decisively breached. Analyst readCrypto identified the range of $1.12 to $1.15 as a critical zone to reclaim, as holding above this range could pave the way for a renewed bullish phase.
Technical momentum indicators show mixed signals. The Relative Strength Index (RSI) is just below neutral at approximately 48, while the MACD histogram has turned positive but is yet to confirm a bullish crossover. These signs point to easing selling pressure but still leave room for caution.
The key support zone sits between $1.08 and $1.10, with a breakdown below $0.93 undermining the medium-term outlook. XRP’s recent price action, including a higher low formation after the latest pullback, hints at resilience as buyers step in. Similar consolidation phases have been seen in other cryptocurrencies facing regulatory headwinds, such as Bitcoin’s recent pullbacks during liquidation waves.
