XRP News Today: XRP at Crossroads: Triangle Pattern Holds Key to Next Move

Ripple’s XRP continues to navigate a pivotal phase as it consolidates near the $3.00 psychological level, with mixed signals emerging from both technical indicators and broader market dynamics. Analysts remain divided, with some emphasizing the potential for a breakout while others caution against the risk of a deeper correction. The token has been trading in a tight range against both USDT and BTC, forming a symmetrical triangle pattern on the daily chart. This structure typically precedes a decisive move, with the bias currently leaning slightly bearish due to weakening support retests. A breakdown below $2.70 could initiate a selloff toward the lower boundary of an ascending channel, while a successful breakout would likely see XRP targeting $3.20 or higher [1].

On the XRP/BTC pair, the price has held above a key support area, having previously broken out of a long-term descending channel. This development has tilted the broader structure to the bullish side, but the RSI remains near the neutral 50 level, indicating uncertainty among traders. If the 2,500 SAT support holds, another rally toward 3,000 SAT is on the table. However, a failure to defend this level could send the price back inside the old channel, potentially leading to a drop toward 2,000 SAT and confirming a bearish reversal [1].

Market analyst Matt Hughes has drawn attention to XRP’s long-term chart structure, highlighting how previous resistance levels have consistently flipped into support zones before major rallies. The $3.00 level, in particular, has shown resilience, with XRP consistently reclaiming the psychological barrier after dips. Hughes argues that this is a sign of strength and suggests that a parabolic move may be imminent, provided the token can flip this zone into firm support [3]. Additionally, Raoul Pal of Global Macro Investor has noted XRP’s pattern of triangle formations since 2014, each preceding significant price surges. He believes the token is entering a new growth phase as capital rotates out of Bitcoin, with potential all-time highs in the $10 range not out of the question [3].

On the institutional front, XRP-linked products have seen consistent inflows, with daily flows estimated at $25 million. This added depth has contributed to a broader market backdrop that supports continued bullish momentum. Recent developments, such as Gemini’s launch of an XRP-rewards Mastercard with WebBank, have also drawn attention. The card offers up to 4% cashback in XRP and has pushed Gemini ahead of Coinbase in U.S. iOS app rankings, potentially boosting retail interest [4]. However, volume data suggests that institutional players are also active, with heavy sell pressure capping attempts to break above $3.04. While the RSI remains neutral and the MACD histogram is turning bullish, a decisive move above this resistance is necessary to confirm a continuation higher [4].

Despite the optimism from technical and institutional perspectives, XRP has struggled to maintain gains above $3.00, slipping below the level again in recent sessions. This has led to a shift in speculative capital toward other tokens offering higher volatility and growth potential. Coins like Cronos (CRO) and Layer Brett ($LBRETT) are gaining traction, with CRO benefiting from expanding use cases in Web3, staking, and payments. Layer Brett, built on Ethereum Layer 2, combines meme-driven appeal with real technical infrastructure, attracting both retail and institutional investors through high-APY staking rewards and scalable architecture [2]. As XRP consolidates, these altcoins are entering new growth phases, drawing attention from traders seeking sharper returns [2].

Source:

[1] Ripple Price Analysis: XRP Coiling Pattern Signals Explosive Next Step (https://cryptopotato.com/ripple-price-analysis-xrp-coiling-pattern-signals-explosive-next-step/)

[2] Is XRP's Bull Run Over as Price Slips Below $3 Again? (https://coincentral.com/is-xrps-bull-run-over-as-price-slips-below-3-again-heres-2-altcoins-just-beginning-their-parabolic-phases/)

[3] Analyst Says XRP Moonshot Is Not a Matter of If, But When (https://thecryptobasic.com/2025/08/29/analyst-says-xrp-moonshot-is-not-a-matter-of-if-but-when/)

[4] XRP Faces $3.04 Resistance as RSI Neutral, MACD Turns (https://www.coindesk.com/markets/2025/08/28/xrp-faces-usd3-04-resistance-as-rsi-neutral-macd-turns)