XRP price risks a breakdown toward $1.80 as it tests critical support on the daily timeframe, risking invalidation of its bullish ascending triangle pattern.
Summary
- XRP’s mini ascending triangle pattern risks invalidation if price closes below $2.40.
- Flattening moving averages and weakening momentum on the 4-hour chart indicate fading bullish strength.
- If the triangle breaks to the downside, XRP price could face a deeper breakdown toward $1.80.
Ripple (XRP) price is currently testing the lower boundary of a mini ascending triangle pattern, with flat resistance between $2.65–$2.70 and ascending trendline support around $2.40. Ascending triangles typically signal bullish continuation, often breaking out to the upside.
However, the wicking below the lower trendline support, especially on the daily timeframe, increases the risk of a breakdown. A daily close below $2.40 could invalidate the pattern and trigger a deeper pullback toward $1.80, based on the measured move target derived by projecting the height of the triangle from the breakdown point.
Conversely, a rebound from support followed by a break and close above $2.70 would confirm bullish momentum, potentially targeting $3.20 in the short to medium term. The EMA 21 crossing upward and volume confirmation would further strengthen that bullish case.
What’s next for XRP price?
Looking at the lower 4-hour timeframe, XRP price is beginning to show signs of weakness as the recent rebound loses momentum. The moving averages are flattening, signaling that bullish pressure is waning.
According to analyst Ali Martinez, XRP price could target the next key liquidity zone around $2.25, where short-term buying interest may emerge. However, if this short-term support fails to hold, downside momentum could intensify, potentially driving XRP lower toward the $1.80 level.
