Key Insights:
- XRP consolidates inside a triangle, with traders watching closely for a breakout or breakdown soon.
- Long liquidations surge as price dips, showing traders were caught leaning bullish too early.
- The weekly chart shows bearish momentum persists, with RSI and MACD still signaling downward pressure.
XRP was trading near $1.91, moving inside a tightening symmetrical triangle. The pattern shows lower highs meeting higher lows, forming a structure where price is being compressed into a narrow range.
As the price approaches the triangle’s apex, pressure continues to build. This usually leads to a sharp breakout, but the direction remains unclear. The market is waiting for a close outside the structure to confirm which way XRP is heading next.
$2.10 and $1.80 Levels Draw Attention
At the same time, traders are focusing on two important levels. Liquidity sits above at $2.10 and below at $1.80. These zones are where larger buy or sell orders are likely placed and often attract strong price reactions.
If the price breaks above the triangle and moves toward $2.10, it could trigger fresh buying activity. On the other hand, a drop through support could push XRP toward $1.80, where stop-losses and sell orders may be waiting. As ChartNerdTA noted,
“The confirmational breakout from this apex will decide which pathway comes next.”
Source: ChartNerdTA/X
Liquidation Data Hints at Bullish Pressure Fading
Meanwhile, recent liquidation data from Coinglass adds more context to the current setup. In the latest reading, long liquidations totaled $89.52K, while short liquidations were just $2.24K. This suggests that recent price action moved against bullish positions.
As a result, the sharp drop in long positions shows that some traders may have entered too early expecting upside, only to be forced out as price moved lower. This shift often leads to reduced leverage and a more cautious market tone.
Trend Remains Weak on Higher Timeframes
Looking at the weekly chart, XRP is still showing signs of weakness. It continues to form lower highs and lower lows since mid-2025, reflecting a broader downtrend. The recent rejection above $2.00 confirms that bulls are struggling to regain control.
Additionally, momentum indicators remain soft. The RSI is at 39.91, below the neutral 50 mark, which reflects reduced buying strength. The MACD is also bearish, with both lines below zero and red histogram bars continuing to appear.
Until a breakout occurs, traders are watching closely to see whether XRP will move toward the $2.10 resistance or fall to test support at $1.80.
