XRP is trading under $1.20 this Friday after sellers rejected a breakout attempt at the $1.25 descending trendline. The rejection came on elevated volume, and while derivatives traders added longs, spot markets logged net outflows — a divergence that historically precedes sharp reversals. The token now sits near $1.19, wedged between trendline resistance above and support at $1.10.
Symmetrical triangle nearing apex
The price action is coiling inside a compression pattern that has been forming for over a year. XRP has tested and failed at the same descending trendline multiple times. The symmetrical triangle is approaching its apex, which typically signals an imminent sharp directional move. Key support sits at $1.1751 and the round $1.1700 level. If that fails on a daily close, the next stop is $1.1412. On the upside, a daily close above $1.25 on strong spot volume would flip the trendline into support and open a run toward $1.30.
Derivatives-driven rally raises caution
Spot outflows during the latest attempt at $1.25 indicate the move was driven more by derivatives positioning than genuine accumulation. That kind of structure can lead to nasty reversals. XRP is also trading beneath its major moving averages, creating a structural headwind and a sideways-to-lower path of least resistance. ETF inflows and growing institutional participation are real tailwinds, but they may need friendlier macro conditions to act as a catalyst. For now, the token could keep grinding between $1.15 and $1.25 until the apex forces a resolution.
LiquidChain presale gathers momentum
Elsewhere in the market, LiquidChain — a Layer 3 infrastructure project building a unified cross-chain liquidity layer that fuses Bitcoin, Ethereum, and Solana — is running a presale at $0.014 per token. The project has raised $850,000 to date. It's a separate story from XRP's technical battle, but it shows that capital is still rotating into new infrastructure plays even as large-cap names struggle for direction.
For XRP, the next concrete signal is the daily close relative to $1.17 support. For LiquidChain, the presale continues with no announced hard cap or timeline for the next phase.
