XRP Defies Gravity at $1.85: Symmetrical Triangle Signals Imminent Explosive Move

XRP isn't just holding a line—it's building a launchpad. The digital asset has cemented a formidable support level at $1.85, setting the stage for a classic technical showdown as a textbook symmetrical triangle tightens on the charts.

The Coiling Spring

Forget sideways action. This is consolidation with intent. The converging trendlines of the triangle pattern represent a battle between bulls and bears, with volatility compressing like a spring. Each touch of support near $1.85 has been met with aggressive buying, while every lower high gets sold into. The result? A chart screaming for a resolution.

The Breakout Calculus

Traditional technical analysis dictates that the longer the coil, the bigger the release. A decisive close above the triangle's upper boundary could trigger a wave of algorithmic and momentum buying, targeting a measured move projection based on the pattern's initial height. Conversely, a failure to hold $1.85 risks a sharp rejection back into the pattern's depths. It's a binary setup—high risk, high reward.

The Bigger Picture

This isn't happening in a vacuum. The $1.85 level has transformed from mere price memory into a psychological fortress. Holding here builds institutional confidence and flushes out weak hands—a necessary cleanse before any sustainable leg up. Of course, in crypto, a 'fortress' can sometimes turn out to be made of sand, especially when traditional finance pundits are still trying to value digital networks with P/E ratios.

Watch the volume. A breakout on thin trade is a trap. The real move will come with a surge in buying pressure that smashes through resistance and doesn't look back. The triangle is drawn. The support is set. XRP is waiting for its cue.

XRP Is In A Bearish Trend

The XRP daily chart from TradingView shows that the coin is continuing to experience bearishness, as indicated by it being below both the 50-day and 200-day moving averages (which are acting as resistance) and the MACD being below the zero mark. The MACD has yet to produce a bullish cross, which confirms continuing downward momentum; thus, an eventual recovery will likely be simply a corrective rally.

OBV and Volume Reflect Weak Buying Interest

The OBV and volume on the TradingView chart indicate a lack of interest by buyers, as the OBV continues to decline. This indicates that there is still more distribution than accumulation in its price around $1.85 support. Additionally, the higher volume for sell-offs as compared to recoveries indicates that sellers are still dominating the market and limiting any potential for upward movement.

Analyst Insight Adds Conviction

According to the recent update on X by crypto analyst Ali Charts, the cryptocurrency XRP has formed a triangular consolidation pattern and therefore may move up or down 10% in the near future. This forecast is supported by technical indicators on shorter timeframes, but confirmation from longer-term charts will determine whether it becomes a reality.

$XRP is consolidating in a triangle, setting up a potential 10% move. pic.twitter.com/qmBjSVmidj

In conclusion, XRP faces an important testing point as it experiences increasing short-term volatility, while at the same time, the overall higher timeframe structure remains fragile. If it is unable to reclaim the $2.05 level with strong volume, the dominant trend will continue to be to the downside for the coin.

Supporting the $1.85 level in the short term is critical because if a confirmed breakdown occurs at this support level, it will likely lead to an acceleration of downside momentum. It will remain prudent to exercise caution with investments in the coin until a higher timeframe confirmation occurs.