What XRP's Recent Trading Pattern Suggests About Next Price Movement

XRP is currently consolidating within a technical formation that could trigger a notable price swing in either direction. Analyst Ali Martinez recently highlighted on X how the token’s 15-minute chart has been exhibiting a symmetrical triangle pattern, signaling potential for a significant move in the coming sessions.

Understanding Triangle Patterns and Their Types

Technical traders rely on various triangle formations to predict potential breakouts. When a cryptocurrency squeezes between two converging support and resistance levels, it creates what’s known as a triangle and its types of structures.

The basic triangle pattern occurs when price action narrows between two trendlines moving toward each other. The upper boundary acts as a resistance zone, while the lower serves as support. When price breaches either boundary, it typically initiates a directional move.

Different triangle varieties exist based on how the trendlines approach each other:

• Ascending Triangles: Form when the upper level remains flat while the lower trendline slopes upward. These typically carry bullish bias
• Descending Triangles: Feature a flat upper line with a downward-sloping lower line, generally suggesting bearish continuation
• Symmetrical Triangles: Both trendlines converge at equal angles, creating neutral setups where breakouts can occur in either direction

XRP’s Symmetrical Triangle Setup

In the case of XRP, the 15-minute timeframe has been displaying a symmetrical triangle formation. The price recently retested the lower boundary around the Christmas period and held support, suggesting the consolidation zone remains intact.

With symmetrical formations, neither direction carries inherent advantage. Both upward and downward breakouts represent equally viable outcomes. This ambiguity makes predicting the precise direction challenging for traders.

However, the magnitude of the anticipated move is more predictable. Martinez suggests that when XRP ultimately breaks from this consolidation zone, the price movement could span approximately 10%. This projection is based on the standard technical principle that breakout moves typically match the height of the consolidation channel.

Current XRP Price Action

At the time of writing, XRP is trading at $1.97, reflecting a -3.51% decline over the past seven days. The token remains within the consolidation boundaries, suggesting that traders should watch for a clear break above or below the triangle’s limits.

The compressed trading range indicates that a decision point approaches. Whether XRP accelerates upward or falls through the support level will likely determine the direction of the anticipated 10% move.