XRP Coiled Spring: Ripple’s Token Nears Breakout After Months of Sideways Action

XRP bulls are licking their chops as the seventh-largest crypto shows textbook consolidation patterns—the kind that usually precedes a violent move. Traders who endured the ’stablecoin phase’ of 2024 might finally get their payoff.

Technical setup: The 200-day moving average just flipped from resistance to support, while weekly RSI hums at a neutral 54. No overbought alarms... yet.

Wall Street’s take? ’Fascinating chart—now about those SEC settlement rumors...’ Cue the collective eye-roll from crypto natives. When legacy finance rediscovers blockchain, you know the cycle’s peaking.

Technical Analysis

The USDT Pair

XRP/USDT continues to respect the boundaries of a large descending channel. The price recently failed to break above the $2.60–$2.80 resistance zone, which aligns with the upper trendline of the pattern. On the downside, the $2.10-$2.30 support area remains critical, especially with both the 100-day and 200-day moving averages holding below the price in this range.

A confirmed breakdown of this level could open the door for a retest of the $1.90 zone, while a breakout above $2.60 may push the price toward the $3.20 region. Meanwhile, the RSI sits around 50%, indicating a neutral stance with a slight bearish bias.

The BTC Pair

XRP/BTC is compressing within a falling wedge, currently trading just above the 2100 SAT support area. The pair recently got rejected from the 2500 SAT resistance zone, which overlaps with the wedge’s upper trendline and the 100-day moving average.

The 200-day MA near the 2300 SAT mark has also been broken to the downside, making further downside and breakdown of the 2100 region highly probable. The RSI also shows values around 40%, signaling that the bearish momentum is still in play. So, unless buyers step in soon, a breakdown from the wedge pattern could trigger further Ripple weakness against Bitcoin, which could also translate to a downtrend against the dollar.