XRP Trades at $3.03 as Price Nears Triangle Breakout Toward $3.60

XRP consolidates in a descending triangle, with analysts targeting a potential $3.60 breakout.

Fibonacci levels show key resistance at $3.12, $3.25, and $3.40 before a move higher.

Long-term structure signals a possible path toward $4.80 if neckline support holds firm.

XRP is showing technical signs of strength as it trades near a critical breakout point. At the time of writing, XRP was trading at $3.03 after rebounding from September’s low of $2.71. Chart structures and Fibonacci levels are pointing toward a possible upward move toward the $3.60 mark.

XRP Approaches Key Technical Breakout Levels

According to an analysis prepared by Ali Martinez, XRP has been consolidating inside a descending triangle pattern since August. The price has been moving between a horizontal support zone at $2.70–$2.80 and a descending trendline connecting lower highs. This setup is often associated with compressed volatility before a breakout.

Fibonacci retracement levels plotted from $2.67 to $3.66 show the 0.618 level at $2.93, which aligns with recent price action. XRP has tested this level multiple times, with buyers defending support above $2.87. Resistance is seen near $3.12 at the 0.5 retracement and $3.25 at the 0.382 retracement

The 0.236 level around $3.40 is marked as another critical resistance. Analyst Martinez noted that if XRP breaks above the descending trendline, the projected move could reach $3.60. This price aligns with the July swing high and matches the upper projection of the triangle breakout.

Long-Term Structure and Market Conditions

According to an observation by Javon Marks, a broader inverse head-and-shoulders structure has already formed on higher timeframes. This pattern suggests a potential long-term target near $4.80, provided XRP maintains support above its neckline.

Source: JavonMarks(X)

Meanwhile, trading volume remains strong, standing near $7 billion. Futures data shows increasing open interest, reflecting growing participation around this consolidation phase. Resistance levels between $3.13 and $3.28 are viewed as near-term hurdles, with $3.60 as the main target.

If the breakout sustains, further projections place the next potential test around $3.85–$4.00, which was a consolidation zone in early summer. For now, technical signals continue to show XRP nearing a decisive breakout point.

The post XRP Trades at $3.03 as Price Nears Triangle Breakout Toward $3.60 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.