XRP remains trapped in a sideways trading range, with the price currently down more than 4%. For a breakout to be confirmed, XRP must break above the $2.51 level, which serves as a critical resistance. A successful breach of this price point would suggest that the market’s recent low could be in place, signaling a potential upward trend.

Yesterday, XRP experienced a brief rally, but it failed to surpass this key resistance, keeping the breakout scenario in limbo. The $2.72 level, however, holds even more significance. A break above this level would represent a full breakout from the ongoing triangle pattern, offering a stronger indication of bullish momentum. Traders and analysts alike are keeping a close eye on this level, as it could be a catalyst for XRP to move higher.

Indication vs. Confirmation: Why It Matters

Understanding the difference between an indication and confirmation is crucial when analyzing XRP’s price movements. While a rise above $2.51 would signal a potential upward shift, it is not enough for a full breakout. To confirm the breakout, XRP needs to break above the $2.72 resistance. Until this happens, the market could see an extension of the triangle pattern rather than a completed breakout.

Until the $2.72 level is decisively broken, there’s a chance the triangle pattern could still extend, and the price could revisit previous support levels.

Critical Support at $1.96: A Must-Watch Level

On the downside, the $1.96 level serves as a critical support. A drop below this level would invalidate the current triangle pattern, leading to a larger bearish market structure. As such, this support is essential for maintaining a bullish outlook for XRP.

Patience in the Current Phase

XRP’s current consolidation phase may feel slow, but patience is key. As long as XRP remains above the critical support levels between $2.24 and $2.23, there’s still potential for the market to focus on higher price action. Watch closely as XRP navigates this crucial phase.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Also Read: Cardano Soars 32% Before Pullback, XRP Holds Steady: Altcoin Trends Amid Bitcoin’s 2025 Rally