Over the past 24 hours, XRP has fallen 3.10% to $2.87, almost 20% below its yearly high of $3.56 reached in July 2025.
Despite this, indicators on the XRP chart point to a bullish scenario that could materialize in the coming days.
On the daily chart, XRP is trading within a descending triangle that has been forming since early July. This pattern, with its characteristic series of lower highs converging toward a flat support zone, indicates that sellers have been in control for the past several months.
While descending triangles are typically viewed as a bearish continuation pattern, a breakout above the upper resistance line often signals a bullish reversal and a trend reversal from bearish to bullish.
At press time, XRP was trading 5% below its key breakout level of $3. If a breakout occurs, it will confirm a reversal, especially if buyers manage to overcome resistance.
Currently, the next closest resistance for XRP is around $2.90, which corresponds to the 61.8% Fibonacci retracement level. A confirmed break above $3 could open the way to $3.93.