XRP Is Trading Within an Ascending Triangle, Analyst Says A Breakout Is Coming

XRP’s price action is drawing the attention of technical analysts across the crypto space, and according to market expert Ali, the digital asset is currently trading within a well-defined ascending triangle—a classic bullish continuation pattern. This formation suggests that a breakout is not only imminent but could lead to a significant upward price move, provided key resistance levels are breached. The ascending triangle pattern, characterized by a series of higher lows against a relatively flat resistance line, is typically seen as a sign of mounting buying pressure. For XRP, that horizontal ceiling currently sits around $2.22—a level that has been tested multiple times in recent sessions. Ali noted that a successful breakout above this resistance could trigger a rally toward $2.40, aligning with historical trends that often follow similar formations. $XRP is trading within an ascending triangle, with key resistance at $2.22. A breakout could spark a move toward $2.40. pic.twitter.com/bzrTYg9ps1 — Ali (@ali_charts) April 14, 2025 What the Pattern Tells Us Ascending triangles often indicate that buyers are becoming more aggressive with each dip, stepping in at increasingly higher prices. This compression against a fixed resistance can eventually lead to a breakout, driven by momentum and rising demand. In XRP’s case, the series of higher lows suggests bullish conviction is steadily growing, even amid broader market volatility. Ali’s analysis places XRP in a strong technical position, especially considering the asset’s recent performance. The $2.22 barrier has proven resilient, but a decisive move beyond it would likely attract renewed interest from short-term traders and longer-term investors looking to ride the next leg up. Volume, often a key confirming indicator for breakouts, will also be worth monitoring closely as XRP approaches this critical threshold. Market Conditions Are Lining Up Beyond chart patterns , macro, and fundamental factors may provide further fuel for a breakout. XRP continues to ride a wave of optimism stemming from legal clarity following developments in the SEC vs. Ripple case, and speculation about its increasing role in global payments infrastructure continues to drive institutional interest. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 As more traders and analysts begin to recognize the pattern playing out on XRP’s chart, it may become a self-reinforcing signal. That’s because technical breakouts often draw algorithmic and speculative trading flows, accelerating price moves in the breakout direction. A Moment to Watch Closely Whether or not XRP decisively breaks above the $2.22 resistance will likely define the next phase of its price journey. For now, Ali’s technical analysis gives both retail investors and institutional traders a clear level to watch—and a target to consider. If the breakout is confirmed, $2.40 may only be the beginning of a broader bullish phase . But as always in crypto markets, timing and confirmation are everything. Traders should prepare for heightened volatility and be ready to act once the market makes its move. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Is Trading Within an Ascending Triangle, Analyst Says A Breakout Is Coming appeared first on Times Tabloid .

Source: TimesTabloid