XRP price trades at $2.89 inside a descending triangle, with a firm $2.70 support and key resistance at $2.98; a decisive breakout could drive a projected ~25% move toward $3.20–$3.40 on upside or $2.48–$2.33 to the downside.
XRP trades at $2.89 within a descending triangle, with $2.70 support and $2.98 resistance set to decide a projected 25% move.
XRP trades at $2.89 inside a descending triangle, with $2.70 support holding firm.
Breakout targets include $2.48–$2.33 downside or $3.20–$3.40 upside if resistance clears.
Whale accumulation and Ripple’s SEC case closure boost confidence as traders watch $2.98.
XRP price outlook: immediate support $2.70, resistance $2.98 — watch breakout for a 25% move. Read analysis and trade signals. (COINOTAG)
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What is the current XRP price outlook?
XRP price is trading at $2.89 and is consolidating inside a descending triangle, with immediate support at $2.70 and resistance near $2.98. If price breaks above $2.98, upside targets run to $3.20–$3.40; a clean break below $2.70 opens $2.48–$2.33.
How does the descending triangle affect XRP’s short-term direction?
The descending triangle shows lower highs compressing toward a horizontal $2.70 support. This compression reduces volatility and often precedes a directional move. Technical levels to monitor: $2.98 (Fibonacci resistance), $3.20–$3.40 (expansion targets), and $2.48–$2.33 (Fibonacci-based downside extensions).
$XRP consolidates in a triangle ahead of a 25% price move! pic.twitter.com/zeuFQNkc5s — Ali (@ali_charts) September 6, 2025
Compression within the triangle indicates narrowing price ranges and lower intraday volatility. Support at $2.70 has been tested multiple times, strengthening its significance. A breakdown below that level would likely trigger stop liquidity and target the $2.48 and $2.33 extensions.
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$2.98 resistance aligns with key Fibonacci retracement levels and a cluster of prior rejections near $3.00. Clearing $2.98 on sustained volume would invalidate the immediate bearish scenario and open momentum toward the $3.20–$3.40 range.
On-chain analysis shows notable whale accumulation, with roughly 340 million XRP reportedly moved to accumulation addresses in recent weeks. Ripple’s legal developments—specifically the closure of its SEC case—have reduced regulatory overhang and shifted focus back to adoption and institutional engagement, increasing odds of upside continuation if technicals confirm.
Traders should use clear, volume-confirmed breakouts to validate directional bias. A breakout strategy includes: 1) waiting for a daily close beyond $2.98 with above-average volume, 2) targeting $3.20–$3.40 with a trailing stop below new support, or 3) managing risk below $2.70 if price fails and moves toward $2.48–$2.33.
Institutional interest is rising, with major industry events and reported participation from large asset managers cited in market observations. Watch for formal announcements and on-chain institutional flows; these could reinforce a bullish breakout if sustained buying pressure follows technical confirmation.
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