XRP Price Prediction: Triangle Breakdown Drives Price To $1.34
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XRP broke below a symmetrical triangle support at $1.35 on March 6, trading at $1.3388 (-1.17%) as bearish momentum accelerates and sellers take control. Institutional selling: $16.62M in ETF outflows on March 6 (largest since early Feb), bringing cumulative ETF flows to $1.24B. Derivatives confirm the breakdown: open interest +1.35% to $2.30B and volume +71.81% to $3.16B, signaling increased participation and downside risk for the token and implications for crypto/DeFi liquidity and DEX activity.
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- XRP breaks below symmetrical triangle support at $1.35, down 1.17% to $1.3388 as bearish momentum accelerates.
- $16.62M in ETF outflows on March 6 mark largest institutional selling since early February, with cumulative flows at $1.24B.
- Open interest rises 1.35% to $2.30B while volume surges 71.81% to $3.16B, confirming breakdown with participation.
XRP price today trades near $1.3388, down 1.17% after breaking below a symmetrical triangle that had compressed price for weeks. The move places sellers in control as ETF outflows accelerate and derivatives positioning shifts bearish.
Symmetrical Triangle Breaks Down As Volume Surges
The 2-hour chart shows XRP breaking below the lower boundary of a symmetrical triangle (orange dotted converging lines) that formed since late February. The breakdown occurred with volume s…
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