In the recent market update, analyst CRYPTOWZRD pointed out that XRP closed the trading session with an indecisive candle, reflecting the market's hesitation in the short term. According to him, the key factor lies in the XRP/BTC pair – once this pair shows a clear growth signal, XRP could very well initiate a strong breakout rally.
Equilateral Triangle on XRP/BTC: Potential Signal
CRYPTOWZRD emphasizes that both the daily chart of XRP and XRPBTC closed in a state of hesitation, leaving traders anxious about the next direction. He particularly notes the relationship between Bitcoin Dominance (, the dominance index of BTC), and the XRPBTC pair.
If the dominance ratio of Bitcoin continues to weaken, it will become a driving force for XRPBTC to rebound and break through the forming symmetrical triangle pattern. When this scenario occurs, it is highly likely that the upward momentum will directly spread to the price of XRP, pulling this asset out of the prolonged accumulation phase and paving the way for a more impulsive uptrend.
Technical Signals Confirm Uptrend
According to the analysis, if XRP rises, this coin could break the lower-high trend line on the daily chart – which has held back the price for some time. The momentum for this breakout comes from the double-bottom pattern (double-bottom) that is appearing on the daily chart, further reinforcing confidence in the growth scenario.
With these technical confluences, the outlook for a strong rally is becoming increasingly clear. CRYPTOWZRD specifically notes the $3.65 area as the next important resistance. If the price decisively breaks above this level, it will signal the start of a new phase, opening the door for XRP to head towards a new historical high (ATH).
XRP in the Short Term: Moving Sideways but Resistance Pressure Remains High
Although the long-term outlook is assessed positively, CRYPTOWZRD stated that the intraday chart ( short term ) of XRP is currently still fluctuating within a narrow range, not showing a clear trend.
The $2.94 level is considered a key resistance zone. If XRP surpasses this threshold, the likelihood of a strong long opportunity arising is very high. However, he also emphasized that trading decisions are only truly safe when Bitcoin's market structure is in agreement, highlighting the key role of the overall market context.
On the contrary, if XRP continues to be held below $2.94, it is highly likely that the market will maintain a sideways fluctuation accompanied by unpleasant volatility in the short term. At that point, patience is a key factor to wait for more mature signals before participating.
✅ In summary: According to CRYPTOWZRD, the XRPBTC pair is the key determinant for the upcoming direction of XRP. Once the symmetrical triangle on this pair is broken upwards, XRP could potentially surge strongly, aiming to conquer the $3.65 region and even establish a new ATH. However, in the short term, the resistance area at $2.94 remains an important "checkpoint" that the bulls need to overcome to regain control.
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XRP Analysis: Symmetrical Triangle on XRP/BTC Pair Signals Opportunity for Price Explosion
In the recent market update, analyst CRYPTOWZRD pointed out that XRP closed the trading session with an indecisive candle, reflecting the market's hesitation in the short term. According to him, the key factor lies in the XRP/BTC pair – once this pair shows a clear growth signal, XRP could very well initiate a strong breakout rally. Equilateral Triangle on XRP/BTC: Potential Signal CRYPTOWZRD emphasizes that both the daily chart of XRP and XRPBTC closed in a state of hesitation, leaving traders anxious about the next direction. He particularly notes the relationship between Bitcoin Dominance (, the dominance index of BTC), and the XRPBTC pair. If the dominance ratio of Bitcoin continues to weaken, it will become a driving force for XRPBTC to rebound and break through the forming symmetrical triangle pattern. When this scenario occurs, it is highly likely that the upward momentum will directly spread to the price of XRP, pulling this asset out of the prolonged accumulation phase and paving the way for a more impulsive uptrend. Technical Signals Confirm Uptrend According to the analysis, if XRP rises, this coin could break the lower-high trend line on the daily chart – which has held back the price for some time. The momentum for this breakout comes from the double-bottom pattern (double-bottom) that is appearing on the daily chart, further reinforcing confidence in the growth scenario. With these technical confluences, the outlook for a strong rally is becoming increasingly clear. CRYPTOWZRD specifically notes the $3.65 area as the next important resistance. If the price decisively breaks above this level, it will signal the start of a new phase, opening the door for XRP to head towards a new historical high (ATH). XRP in the Short Term: Moving Sideways but Resistance Pressure Remains High Although the long-term outlook is assessed positively, CRYPTOWZRD stated that the intraday chart ( short term ) of XRP is currently still fluctuating within a narrow range, not showing a clear trend. The $2.94 level is considered a key resistance zone. If XRP surpasses this threshold, the likelihood of a strong long opportunity arising is very high. However, he also emphasized that trading decisions are only truly safe when Bitcoin's market structure is in agreement, highlighting the key role of the overall market context. On the contrary, if XRP continues to be held below $2.94, it is highly likely that the market will maintain a sideways fluctuation accompanied by unpleasant volatility in the short term. At that point, patience is a key factor to wait for more mature signals before participating. ✅ In summary: According to CRYPTOWZRD, the XRPBTC pair is the key determinant for the upcoming direction of XRP. Once the symmetrical triangle on this pair is broken upwards, XRP could potentially surge strongly, aiming to conquer the $3.65 region and even establish a new ATH. However, in the short term, the resistance area at $2.94 remains an important "checkpoint" that the bulls need to overcome to regain control.