XRP Poised to Explode After Sideways Moves

Key Insights:

• XRP consolidates in a converging triangle, past setups produced explosive rallies up to 474%.
• Holding $2.95 keeps bullish case intact, while breakdown risks WXY correction toward $2.65 support.
• Gemini launches XRP credit card, enabling direct XRP rewards on everyday purchases with no annual fee.

XRP was trading near $2.96 after a period of sideways price action. Daily trading volume stands at $7.7 billion. The asset has slipped 2% in the past 24 hours and 1% over the past week. Traders are closely watching the $2.95 zone as charts suggest a major breakout setup is forming.

Notably, the chart shared by CryptoGoos shows XRP/USDT forming a converging triangle on the daily timeframe. This structure combines lower highs and higher lows, compressing prices into a narrow range. Past patterns on XRP have produced large moves after similar setups. Examples include a 474% surge in November, a 52% rally in January, and a 76% jump in July.

CryptoGoos noted,

 “$XRP Breakout Imminent!” 

As the token continues to consolidate. A breakout above the upper boundary of the triangle could push XRP toward $4.00 or higher, according to the projection. For now, the breakout scenario remains intact as long as XRP holds above the $2.80–$2.90 support band.

Decision Point at $2.95 Support

Avi Harkishun’s chart, shared by Captain Redbeard, identifies $2.95 as a critical retest and support level. The bullish case suggests that holding above this area could trigger the next upward leg. The bearish case, however, warns that a drop below $2.95 may confirm a WXY corrective pattern, targeting $2.65.

Captain Redbeard commented that “$XRP is a key decision point!” with volume data showing heavy trading activity near $2.90–$2.95. Sustaining above this level keeps buyers in control, while a breakdown could open the door to deeper losses.

XRP Adoption Expands With Gemini Credit Card

Alongside the technical setup, Gemini announced the launch of its XRP Credit Card, issued by WebBank. The product allows users to earn rewards in XRP with no annual fee. Rewards are structured by category, with 4% back on gas and transit, 3% on dining, 2% on groceries, and 1% on all other purchases.

The addition positions XRP as a practical asset for everyday payments while expanding Gemini’s crypto card lineup. This development provides XRP holders with a new use case that ties the token to routine financial activity.

With XRP consolidating at $2.95, technical and adoption trends are converging. Charts show pressure building inside the triangle, while fundamentals gain support from new products like the Gemini card. Traders are watching closely for a decisive move, with $2.95 as the key level for either a breakout higher or a move toward lower supports.