- XRP retrades the upward trend at 2.95-3.00 creating a symmetrical triangle formation indicating a narrowing down squeeze before the resolution.
- A positive rebound would also propel XRP towards the resistance of $3.30, and a breakout of the resistance of 3.35-3.40 would create an opportunity of 3.70.
- Whale accumulation of 900 million XRP and expectations of seven more ETF filings reinforce institutional interest during this consolidation phase.
XRP is testing an ascending trendline near $2.95–$3.00, forming a symmetrical consolidation pattern that could soon determine its next directional move.
Retest at Key Support Zone
FOUR | Crypto Spaces noted that XRP is retesting a crucial support trendline while showing a textbook consolidation setup. This has developed into a symmetrical triangle pattern, where higher lows meet a descending sequence of highs.
The market currently sits at the rising trendline around $2.95–$3.00. This level has consistently held through September, providing a reliable base for price action. Traders now view this retest as decisive in shaping whether continuation or reversal follows
If price holds above this zone, the consolidation pattern could trigger a breakout. On the other hand, failure to maintain $2.80–$2.75 would invalidate the bullish setup and hand control back to sellers.
Resistance Targets Above Current Levels
A bounce from the support trendline places $3.30 as the first target, both structurally and psychologically. This level remains the immediate obstacle for buyers. A close above it would encourage momentum to test higher barriers.
The red resistance band between $3.35 and $3.40 has historically rejected attempts to climb further. A decisive breakout in this area, particularly with strong trading volume, could validate continuation of the bullish trend.
The symmetrical triangle’s measured projection suggests an extended move toward $3.70–$3.72. That outcome reflects the potential for roughly 20% upside from current price levels if buying pressure dominates.
Institutional Interest and Whale Accumulation
XRP continues to attract broader attention. RippleXity reported that seven more XRP ETF filings are expected before the end of 2025, a development adding further institutional focus.
Meanwhile, Ali (@ali_charts) revealed that large holders acquired 900 million XRP within just 48 hours. Such accumulation coincides with the ongoing test of the ascending support zone, reinforcing market interest at present levels.
Ali also emphasized that $2.80 remains the most important support level. As long as XRP defends this base, the bullish structure of the consolidation pattern stays intact. A bounce here would keep $3.30 as the first major target on the horizon.
