- Ripple’s new partnerships in tokenized assets/CBDCs fuel optimism; analysts cite $2.80-$9 targets from supply compression.
- Sub-$2 levels see strong accumulation, but descending triangle pattern threatens breakdown if $2.08 support fails.
XRP (Ripple) is trading at $2.2026 USDT, posting a −0.81% intraday decline, while still maintaining a +2.90% gain on the week.
Monthly performance is nearly flat at +0.15%, and XRP continues to hold +5.78% YTD growth, with a substantial +409% increase over the past 12 months. The asset has now touched the $2.30–$2.35 resistance zone nine times since May 24, making this range the key macro resistance preventing a breakout.
Technically, XRP remains in a consolidation channel, testing major resistance repeatedly without confirmation of breakout. The MACD, RSI, and volume remain slightly bullish but are not yet showing the kind of explosive signal that would confirm a parabolic rally. Traders are closely watching the $2.30 level, where consistent rejection candles have appeared.
A confirmed breakout could accelerate momentum toward $2.60–$3.00, but failure to hold the $2.15–$2.20 range would likely result in a move back toward $1.93, or even the critical $1.579 stop-loss level used in popular trading setups.
On the fundamental side, the XRP ecosystem continues to fuel optimism. ETHNews reported that XRP could rally to $2.80 or even $9, citing Elliott Wave analysis and long-term supply/demand compression. Ripple executives have hinted at new partnerships focused on tokenized real-world assets and central bank integrations, which could drive future demand.
On social channels like TradingView and X (formerly Twitter), XRP bulls point to accumulation patterns, fading bearish momentum, and the upcoming “altseason” narrative to support a breakout thesis.
At the same time, caution prevails among some analysts. The long wick rejections and the inability to break and hold above $2.30 have made this zone a major psychological ceiling. XRP is consolidating in what appears to be a descending triangle on the intraday chart, with support at $2.08.
A breakdown of that level would introduce bearish momentum and open the door for a correction toward $1.85 or lower. Despite this, the fact that “everything below $2 is quickly bought up” shows that market participants are treating sub-$2 XRP as a strong accumulation zone.
The post Accumulation Below $2 vs. Bearish Patterns: XRP’s Make-or-Break Technical Moment appeared first on ETHNews.
