After steep selloffs at the start of the year, XRP has spent the past quarter trading in a tight, restricted range. According to analysts, this prolonged sideways movement is setting the stage for a sharp and decisive price swing in the near future.
Prolonged consolidation attracts attention
A technical analyst known as “Dom,” recognized for his insights into the crypto market, highlighted that XRP has been trading sideways for nearly three months. Both the trading range and technical indicators point to the cryptocurrency’s struggle to establish a clear direction. Dom pointed out that while XRP has failed to break upward during this period, significant downward moves have also remained limited.
“Dom,” one of the market’s dominant analysts, commented, “XRP has moved sideways for three months and is now approaching a breaking point. We could see a major move very soon.”
According to this analyst, a price breakout for XRP will also likely require an upward move in Bitcoin. Otherwise, any bullish breakout attempt by XRP might lack the necessary momentum to be sustained.
Technical perspective: triangle formation on the charts
Twelve-hour charts from Binance show a classic contracting triangle pattern forming in XRP’s price action. Since dropping to $1.10 in February, the asset has consistently printed higher lows, supporting an upward yellow trendline in the technical analysis.
However, the price has repeatedly faced rejection at key resistance levels. The orange descending trendline on the chart, likely a long-term volume-weighted average price or moving average, has frequently capped upward moves.
This resistance line has put persistent pressure on XRP, driving the price lower over the past months. Now, however, XRP is once again approaching this resistance zone, currently circling around the $1.416 mark.
Critical levels and analyst expectations
For bullish traders in the near term, the $1.45 to $1.47 range is seen as a pivotal resistance zone. Market data shows that this corridor has repeatedly blocked XRP’s breakout attempts in recent months. Analysts predict that overcoming this level could trigger substantial upward momentum. According to CryptoAppsy, XRP is currently trading close to $1.416.
In the past quarter, XRP has reliably registered higher lows, but its upward moves have been clearly constrained. The market continues to wait for a decisive move as the coin’s price remains squeezed into an increasingly narrow range.
Observers say that if Bitcoin records gains in the coming days, XRP could see a significant breakout as well. Market participants are bracing for a potential surge in price movement as soon as tomorrow.
