XRP is facing a difficult situation: Converging triangle pattern and the formula for calculating potential height

Currently, XRP is trading at $1.97, down 3.89% in the past 24 hours. This is not a random movement — it is the result of a two-month-long technical pressure compression. The cryptocurrency developed by Ripple Labs for cross-border payments is stuck between two very clear price boundaries, and the market is waiting for an explosion.

Formation history: From October shock to “spring” effect

After the price dropped from the above $3 region in early October, XRP entered a strange oscillation phase. A strong downward trendline formed above, continuously blocking rallies. Facing it, a gradually rising trendline emerged from below, built by traders constantly buying at lower levels. The result is a symmetrical triangle structure — a classic technical pattern indicating the market is accumulating energy.

The triangle’s low point: The decisive moment

Currently, the price is oscillating very close to the rising support line at $1.87. This line has resisted for over 6 weeks, tested dozens of times but remains firm. However, the “spring” of the triangle pattern has been squeezed to the limit — price oscillations are getting smaller, and trading volume is decreasing. This is a clear sign: a major change is imminent.

Calculating the triangle height and forecasting the target

According to technical rules, the height of the (triangle pattern from the highest point to the lowest point) determines the potential price range after a breakout. If XRP bounces from the current support level and effectively breaks through the resistance zone at $2.10-2.20, then according to the calculation formula, the price could reach the $2.60-2.80 zone — a jump of over 30% from the resistance level. This is an optimistic scenario that buying traders are waiting for.

Pessimistic scenario: When support collapses

But not everything is happy. If XRP closes the day below the rising support line, the triangle will break downward. This event will trigger a sell-off, potentially pushing the price down to $1.60-1.50 or even lower. Since the pattern has developed very fully, once it fails at this point, it will be difficult to expect a quick recovery in the coming weeks.

Trading strategy: Risk management is key

Optimistic traders should wait for confirmation signals from above. If they already hold a position, a reasonable stop-loss is a daily close below $1.80. Those expecting a breakdown need more evidence — specifically, a daily close below $1.75 — before opening a short position.

Trading volume is almost silent, but that is the calm before the storm. Regardless of the chosen direction, the next move will be very strong. XRP is teaching us that patience and precise pattern recognition are core to successful trading. In one or two weeks, the triangle’s apex will reach its narrowest point — then, the answer will be clear.