XRP Price Prediction: Can Bulls Defend $2.90 as Outflows Pressure Market?
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XRP price today is trading close to $2.90, slipping after repeated failures to clear the $3.10 resistance zone. The token has been consolidating within a tightening triangle since mid-August, with sellers gradually forcing lower highs while buyers defend a base above $2.85.
This compression reflects indecision, as markets weigh fresh selling pressure against Ripple’s recent strategic partnerships, including its cross-chain alliance with Cardano. With volatility narrowing, traders expect a decisive breakout or breakdown in the coming sessions.
Technical Structure Shows Symmetrical Triangle Compression
On the 4-hour chart, XRP price action remains capped by descending resistance at $3.05–$3.10. The support base has formed near $2.85–$2.88, a zone that coincides with the lower boundary of the triangle pattern.
Exponential moving averages highlight the struggle for direction. The 20- and 50-EMAs cluster just above $2.98, while the 100- and 200-EMAs sit near $3.01 and $3.00, creating a congestion zone that has repeatedly stalled upside momentum.
Momentum indicators lean cautious. RSI has slipped to 40, suggesting …
The post XRP Price Prediction: Can Bulls Defend $2.90 as Outflows Pressure Market? appeared first on Coin Edition.
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XRP Price Prediction: Can Bulls Defend $2.90 as Outflows Pressure Market?
Share:
XRP price today is trading close to $2.90, slipping after repeated failures to clear the $3.10 resistance zone. The token has been consolidating within a tightening triangle since mid-August, with sellers gradually forcing lower highs while buyers defend a base above $2.85.
This compression reflects indecision, as markets weigh fresh selling pressure against Ripple’s recent strategic partnerships, including its cross-chain alliance with Cardano. With volatility narrowing, traders expect a decisive breakout or breakdown in the coming sessions.
Technical Structure Shows Symmetrical Triangle Compression
On the 4-hour chart, XRP price action remains capped by descending resistance at $3.05–$3.10. The support base has formed near $2.85–$2.88, a zone that coincides with the lower boundary of the triangle pattern.
Exponential moving averages highlight the struggle for direction. The 20- and 50-EMAs cluster just above $2.98, while the 100- and 200-EMAs sit near $3.01 and $3.00, creating a congestion zone that has repeatedly stalled upside momentum.
Momentum indicators lean cautious. RSI has slipped to 40, suggesting …
The post XRP Price Prediction: Can Bulls Defend $2.90 as Outflows Pressure Market? appeared first on Coin Edition.
In This News
Coins
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In This News
Coins
Share:
Read More
Bitcoin Price Prediction: BTC Struggles at $66K — Is $60K Back in Play?