XRP News Today: XRP Consolidates Above $2.26 Awaiting Breakout

XRP is currently consolidating just above $2.26, having rejected near the $2.40 liquidity zone. The price action is confined within a large symmetrical triangle structure on the daily chart, with both trendlines nearing convergence. As volatility tightens, derivatives volume has surged, and funding has flipped positive, suggesting anticipation of a decisive breakout move.

XRP has been forming a symmetrical triangle since its peak at $3.32 in March. The upper descending trendline continues to suppress price action beneath the $2.40–$2.50 resistance region. Meanwhile, the lower trendline rising from January lows is offering strong dynamic support above $2.05. The current consolidation is occurring just under a high-volume node visible on the volume profile chart, with price repeatedly tapping into the $2.18–$2.26 range, where previous CHoCH (Change of Character) signals have printed. A daily close above $2.40 could break this prolonged compression, possibly targeting $2.75–$3.00. Conversely, failure to hold above $2.18 could revisit the $2.05–$1.95 support base.

To understand the current price dynamics, it is essential to examine the weakening short-term momentum. On the 30-min chart, the Relative Strength Index (RSI) has slipped from overbought highs and now reads 51.5, reflecting a balance between bulls and bears. The Moving Average Convergence Divergence (MACD) also shows a waning bullish crossover, with histogram bars shrinking near the zero line. In the short-term timeframe, the Volume Weighted Average Price (VWAP) has flipped to minor resistance at $2.27, while Parabolic SAR dots have turned bearish above price. These indicators hint at exhaustion just beneath the supply wall at $2.40.

On-chain and derivatives data provide a more optimistic backdrop. The funding rate is now at +0.0092%, and open interest has climbed over 5%, indicating that longs are becoming more aggressive in positioning ahead of a potential breakout. The long/short ratio shows a bias toward long exposure, and the 24H long/short activity has nearly balanced out.

From a momentum and trend alignment perspective, XRP is flashing early bullish signs. The 4H Exponential Moving Average (EMA) ribbon is now bullishly aligned with the 20, 50, 100, and 200 EMAs stacked between $2.20 and $2.24, offering layered support beneath the current price. Bollinger Bands on the 4H chart have started to widen, with price moving along the upper band — a classic setup for breakout continuation if momentum sustains. The daily Bull Market Support Band, currently between $2.19 and $2.26, is holding price from below. In addition, XRP recently posted a Break of Structure (BOS) at $2.26, following a small CHoCH and liquidity sweep around $2.18. These signals often precede a directional push, particularly within compressed triangle structures.

With multiple indicators aligning bullishly and on-chain sentiment turning constructive, XRP is poised for a breakout attempt. However, the $2.40 resistance remains key — rejection here could send price back to retest the lower triangle boundary near $2.10. In the next 24 hours, XRP is likely to range between $2.22 and $2.40. A confirmed breakout above the triangle could open targets toward $2.75 and potentially $3.00. On the flip side, a breakdown below $2.18 would risk a slide toward the $2.05–$1.95 support zone.