XRP is testing $1.50 this week, with a decisive close above potentially triggering a run toward $1.80. The token's 3-day chart shows the tightest Bollinger Bands squeeze in more than a year, signaling an imminent sharp price move.
Technical Standoff
XRP remains trapped in a broad corrective triangle after failing to break out upward. It lacks the impulsive characteristics bulls want to see. Resistance clusters loom at $1.55, $1.60, and $1.66 if the current hurdle falls. The tight squeeze suggests something's got to give soon.
Analyst Warnings
Analyst Ali Charts has called the current setup a 'no-trade zone,' advising traders to wait for a confirmed breakout. More Crypto Online notes the market hasn't demonstrated a convincing impulsive move yet. The burden of proof rests firmly on bulls to break the stalemate.
Critical Support Levels
A close below $1.29 would weaken the bullish structure. The $1.28 threshold is critical support, with $1.30 as the next buffer before a liquidity zone between $1.26 and $1.16. The $1.00 level remains a key psychological support wall far below current action.
Next Moves
Traders now watch for either a clean close above $1.50 to validate the bullish case or a breakdown below $1.28 that could accelerate selling. The token’s direction depends entirely on breaking the corrective triangle pattern. This isn't the first time XRP has struggled to gain momentum this quarter.
