According to external sources, after months of cross-winding, the price volatility zone has narrowed significantly and the current trend is approaching a position that may determine the short-term direction. Market concerns are focused on whether symmetric triangles will end in the near future and whether prices can be repositioned at $2.00.
According to CoinCodex, XRP Update US$1.13. XRP Update, the data provider on the chain, believes that the current price is nearing the end of the triangle and that the space for continuing to keep the narrow organization is decreasing, which has led to increased attention to the direction of the subsequent breakthrough.
Price compression is closing.
Based on the graphs cited, XRP has been suppressed on several occasions in recent times by a downward drag line, while at the same time gaining access to the upper support line and forming a typical symmetric triangle structure. This pattern does not in itself imply a single direction, but it usually means a temporary standoff and a gradual decrease in volatility.
As prices move closer to the top of the triangle, such long-term compressions are generally seen by the market as a precursor to subsequent release fluctuations. In other words, the longer it lasts, the higher the likelihood of greater volatility after the breakthrough.
$2 is considered the first key.
According to the article, if XRP breaks up the triangle and is accompanied by a more visible scaling up of the trade, the market may see this as a sign that the purchase will be strengthened. For many, the recovery of $2 is the first point of greatest concern.
If this position is effectively positioned, market sentiment may improve further and attract more short-term funding and institutional attention. Based on this, some analysts assume that if kinetic energy continues to accumulate, there is an opportunity to test the $3 area later.
Technological signal support to see what's expected.
In addition to the form itself, the article refers to another biased signal, which is a hidden look-up deviation for XRP, while the low point of the relative strength index RSI continues to rise. Such combinations are usually interpreted to mean that, during the lengthy process of price consolidation, the bottom purchase did not significantly diminish.
However, the article also points out that what really determines the next stage of the trend is whether or not a breakthrough has occurred and how much it will match. The current trend is still at a stage of waiting for directional choice until prices are out of the pipeline.