XRP Holds $2.93 As Compression Nears Apex of Descending Triangle

XRP trades at $2.93, up 3.1% in 24h, consolidating between support at $2.82 and resistance at $2.95.

Price compression within a descending triangle points to a decisive move as XRP nears the apex.

A break above $2.95 could target $4.13, while rejection may push price toward the ascending support line.

As of today, XRP was priced at $2.93, and it rose by 3.1 percent over the past 24 hours. Its worth was recorded at 0.00002520 BTC in the markets with a minimal increase of 0.1 percent. The token remained in a day-to-day movement of between $2.82 and $2.95 emphasizing the significance of the close support and resistance levels

The trend of the current prices has been formed within the framework of a descending triangle, with compression having become focused on the essential apex. The next phase was observed by the traders when the price was nearing a significant test.

XRP Trading in Tight Compression Zone Ahead of Breakout

The chart indicated that XRP was consolidating just below the $2.95 resistance line and therefore was limiting upward movement in recent hours. This resistance was strengthened by the repeated rejection on the same level in the past trading sessions. However, compression within the triangle structure pointed to an imminent breakout attempt.

Support at $2.82 remained intact, forming the base of the descending pattern. The balance between these levels highlighted a tight zone where the next decisive move could occur. Notably, the proximity of the apex suggested a shorter timeframe before resolution.

Break Above Resistance Could Open Path Toward Higher Technical Targets

If XRP breaks above the $2.95 threshold and sustains momentum, the next technical target sits near $4.13. This level emerged as a potential mark based on earlier measured moves. Breaking past the red trendline in the chart would confirm the end of the descending phase. Such a development could trigger an impulsive push higher, with the $4.13 level acting as the first significant checkpoint.

The upside case depended on the ability of buyers to overcome clustered resistance and hold gains above $3.00. Until then, the range between $2.82 and $2.95 remained decisive.

Rejection Could Keep XRP in Triangle Pattern

Another rejection at the $2.95 resistance could send XRP lower, toward the ascending white trendline beneath the pattern. This line has provided long-term structural support and defined the broader setup. A move in this direction would keep the descending triangle active, while preserving the larger diagonal formation visible in the chart.

Market positioning suggested that both outcomes were possible, with price compression indicating that a larger expansion phase was close. XRP therefore faced a critical test at current levels, with resistance and support clearly defining the next path.