XRP is entering a critical technical phase as the cryptocurrency consolidates within a narrowing triangle formation. Several market analysts are monitoring the asset's approach to key resistance levels, expecting volatility to resume in the near term.
The cross-border token is approaching the apex of its technical structure amid continued accumulation on smaller timeframes. Notably, large whale investors have remained relatively inactive in recent weeks, contrasting with their aggressive buying during August and September.
Key Resistance Levels
Ali Martinez identified a tightening triangle formation and highlighted $1.53 as a critical level on the 4-hour chart. A close above this price could confirm a bullish breakout and potentially open the path toward $1.62, according to the analyst.
Celal Kucuker provided a similar assessment, noting that XRP has approached the tip of its triangle. While his momentum indicators show mixed signals—with MACD recovering but RSI remaining below 50—Kucuker estimates the probability of an upside breakout at approximately 65%-70%, compared with 30%-35% for a downward move.
Another analyst, Bird, described the current price action as a "major decision point" for XRP, noting that the asset is testing resistance near $1.51-$1.53.
Accumulation Patterns
On-chain data from CryptoQuant shows that smaller investors have been accumulating XRP consistently over seven consecutive days. This accumulation phase has not yet concluded, and analysts suggest the next meaningful price movement could begin once it completes.
Supporting technical indicators include strengthening MACD and EMA trends, which some analysts interpret as developing bullish momentum.
