XRP Eyes Major Breakout as Symmetrical Triangle Signals Potential Upside

XRP creates a symmetrical triangle, implying equal probabilities for an upside or downside breakout, which is pending confirmation between $3.077 and $3.13.

If XRP closes fully above $3.30, this might trigger momentum to make a run for new added all-time highs, possibly gaining traction from traders and institution investors.

Analysts call out $2.77 as strong support. $2.55 may act as a level for a retest before bullish momentum returns on higher closes.

XRP is approaching a critical stage as traders watch a symmetrical triangle formation that may decide its next major price movement.

Symmetrical Triangle and Breakout Scenarios

Technical analyst EGRAG CRYPTO shared his outlook on the XRP chart, pointing to a symmetrical triangle pattern. According to him, this formation often carries equal probability for an upward or downward breakout. He stated that the chance of breaking higher stands at roughly 50%, while the same probability applies for a downward move.

EGRAG noted that while he leans toward a breakout to the upside, price confirmation remains essential. He emphasized that a full-body candle closure above the 21 SMA, specifically between $3.077 and $3.13 on the three-day timeframe, would provide stronger conviction for bullish continuation. Until that condition is met, he remains cautious about declaring momentum in one direction.

The symmetrical triangle places XRP at a crossroads, and traders are waiting for the next move with focus on price closures. Confirmation levels will decide whether bulls or bears gain control in the near term.

Key Levels Supporting Bullish Outlook

EGRAG highlighted several levels that would strengthen the bullish scenario. He mentioned the possibility of a retest around $3.03 after the breakout before continuation. A decisive close above $3.30 could then open the door to new all-time highs, something long-term XRP supporters have awaited for years.

At that stage, the analyst admitted he would consider profit-taking despite the challenge of selling XRP during strong rallies. His remarks suggest a structured approach to managing gains, even in highly emotional trading conditions. The mention of profit-taking reflects the importance of balancing optimism with discipline when price discovery resumes.

The bullish path therefore depends heavily on maintaining strength above moving averages and securing higher closes. Traders watching XRP will be looking at these thresholds to measure confidence in continued growth.

Downside Risks and Bearish Conditions

While optimistic about potential upside, EGRAG also acknowledged the downside risks. He explained that as long as XRP does not close below $2.77, the outlook remains intact. This level represents the 33 SMA on the three-day chart. A close under this point could shift momentum in favor of sellers.

He further cautioned that a drop to $2.55 could occur as a wick designed to shake out weaker holders. However, a sustained close below $2.55 would indicate the loss of the 55 SMA, which he described as a major turning point. Such a move could confirm bearish dominance and invalidate the bullish setup.

In his analysis, the market is at a decisive moment where either direction is possible. Until confirmation occurs, XRP traders remain alert, watching whether support or resistance gives way first.

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