Last day XRP fell 3,10% to $2,87, down nearly 20% from its one-year high of $3,56 reached in July 2025.
Despite this, the indicators on the chart XRP point to a bullish scenario that could become reality in the coming days.
On the daily chart XRP is trading within a descending triangle that has been forming since early July. This pattern, with its characteristic series of lower highs converging toward a flat support zone, indicates that sellers have been in control for the past few months.
While descending triangles are typically viewed as a bearish continuation pattern, a break above the upper resistance line often indicates a bullish reversal and a change in trend from bearish to bullish.
At the time of publication XRP was trading 5% below the key breakout level of $3. A breakout would confirm a reversal, especially if buyers manage to overcome resistance.
At the moment the next nearest resistance for XRP is around $2,90, which corresponds to the 61,8% Fibonacci retracement level. A confirmed break above $3 could open the way to $3,93.