Ripple Price Prediction: This Triangle Pattern Could Push XRP to Break $5!

Jakarta, Pintu News – According to CoinSpeaker, XRP (XRP) is experiencing narrowing price movements in a large symmetrical triangle pattern on the daily chart.

The token is trading around the price of $2.15 while volatility continues to decline, creating the potential for a big move in either direction.

This triangle structure has been forming over the past few months, characterized by lower highs and higher lows indicating market uncertainty.

Such a pattern usually precedes a major breakout when trading volume picks up again and traders start making market direction decisions.

Triangle resistance at $2.35 could trigger breakout towards $5

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As of June 19, the price of XRP is moving in a narrow range between the resistance area at $2.35 and the support at $2.00.

If buyers manage to break this upper limit, XRP could confirm itsmeasured move projection towards $5.00.

However, if this pattern fails to hold and the price breaks downwards, XRP is likely to return to the high liquidity demand zone between $1.35 and $1.55.

This price range has previously been an area of support during consolidation phases and is often watched bylong-term holders.

Indicators and Fibonacci Levels Support Breakout Scenario

The daily Relative Strength Index (RSI) is at 44.33, reflecting mild bearish pressure but has not yet entered oversold territory, so there is still a chance for a bullish reversal.

Meanwhile, the MACD indicator is still flat below the zero line, suggesting a consolidation phase instead of trend confirmation.

XRP is also consolidating between the 0.382 and 0.5 Fibonacci retracement levels on the weekly chart, in the range of $2.26 and $1.91.

In the 4 hours chart, the price remains stuck below its 20 EMA at $2.17, whilst narrowing Bollinger Bands indicate compressed volatility ahead of a potential breakout.

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Institutional Demand Reinforces Technical Signals

Beyond chart analysis, XRP is starting to attract attention from institutions. On June 18, the Toronto Stock Exchange approved the launch of spot XRP ETFs from 3iQ, Purpose, and Evolve. This listing was an important step in terms of market accessibility and legitimization for the asset.

At the same time, the number of whale wallets – walletsholding more than 1 million XRP – reached a new record high, and the number of active addresses surged past 295,000.

On the regulatory front, Ripple’s legal team also filed a joint request with the SEC for a 60-day extension, with the next hearing date scheduled for August 15.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinSpeaker. XRP Price Prediction: Symmetrical Triangle Breakout Targets $5. Accessed on June 20, 2025