Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. CRYPTOWZRD, in a recent market update, noted that XRPended the session with an indecisive close, signaling uncertainty in the short term. According to the analyst, the key lies in XRPBTC—once it begins to move bullish, XRP could quickly ignite an impulsive upside rally. Symmetrical Triangle On XRPBTC Points To Upside Potential
In expanding his analysis, CRYPTOWZRD emphasized that both the daily candle of XRP and XRPBTC closed indecisively, leaving traders on edge about the next major move. He pointed out that the relationship between Bitcoin dominance and XRPBTC could be a decisive factor. Should Bitcoin dominance weaken further, it would likely give XRPBTC the strength it needs to move bullishly and trigger a breakoutfrom its symmetrical triangle formation. Related Reading Is XRP A Meme Coin? Analyst Reveals How Whales Are Playing The Game 2 days ago
According to CRYPTOWZRD, this potential breakout in XRPBTC is critical because it would naturally extend to XRP’s price action. Such a scenario could provide the fuel needed for XRP to shift out of consolidationand begin a more impulsive upside run. A symmetrical triangle formation on the XRP chart | Source: Chart from CRYPTOWRZD on X
The analyst further noted that if XRP turns bullish, it would not only trigger momentum but also allow the asset to break out of its daily lower-high trendline. This move, he explained, would come from a double-bottom formation visible on the daily chart. With these confluences aligning, the technical setup appears increasingly favorable for a strong push to the upside.
CRYPTOWZRD highlighted $3.65 as the next significant resistance level to watch. A decisive breakout above this point would mark a pivotal moment for XRP, as it would pave the way for a new all-time high. To stay ahead of the move, CRYPTOWZRD concluded that his focus will remain on lower-time frame chart formations for now, allowing him to spot quick scalp opportunities. XRP Stuck in Sideways Action: Key Resistance In Focus
Giving his final verdict, CRYPTOWZRD revealed that the intraday chart of XRP is currently moving sideways, showing no clear direction in the short term. He explained that the $2.94 level remains the key resistance zone to watch, as it could dictate whether momentumshifts in favor of the bulls. Related Reading XRP Price To Rally 5,600% To $200? Crypto Analyst Lays Out The Possibilities 1 week ago
According to the expert, a decisive move above the $2.94 resistance would open the door for a strong long opportunity. He added that he intends to take advantage of that setup, but only if Bitcoin’s market structure supports the idea, reinforcing the importance of broader market conditions.
However, CRYPTOWZRD cautioned that if XRP continues to hold below the $2.94 level, more sideways volatilityis likely in the near term. In this case, patience will be essential, as the market would need more time to mature before offering the next reliable trading opportunity. XRP trading at $2.83 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com