XRP May Move 25% After Descending Triangle Break as Whales Accumulate; $2.70 Support, $2.98 Resistance

XRP trades at $2.89 within a descending triangle, with $2.70 support and $2.98 resistance set to decide a projected 25% move.

• XRP trades at $2.89 inside a descending triangle, with $2.70 support holding firm.

• Breakout targets include $2.48–$2.33 downside or $3.20–$3.40 upside if resistance clears.

• Whale accumulation and Ripple’s SEC case closure boost confidence as traders watch $2.98.

XRP price outlook: immediate support $2.70, resistance $2.98 — watch breakout for a 25% move. Read analysis and trade signals. (COINOTAG)

What is the current XRP price outlook?

XRP price is trading at $2.89 and is consolidating inside a descending triangle, with immediate support at $2.70 and resistance near $2.98. If price breaks above $2.98, upside targets run to $3.20–$3.40; a clean break below $2.70 opens $2.48–$2.33.

How does the descending triangle affect XRP’s short-term direction?

The descending triangle shows lower highs compressing toward a horizontal $2.70 support. This compression reduces volatility and often precedes a directional move. Technical levels to monitor: $2.98 (Fibonacci resistance), $3.20–$3.40 (expansion targets), and $2.48–$2.33 (Fibonacci-based downside extensions).

Compression within the triangle indicates narrowing price ranges and lower intraday volatility. Support at $2.70 has been tested multiple times, strengthening its significance. A breakdown below that level would likely trigger stop liquidity and target the $2.48 and $2.33 extensions.

Why is $2.98 resistance important for XRP?

$2.98 resistance aligns with key Fibonacci retracement levels and a cluster of prior rejections near $3.00. Clearing $2.98 on sustained volume would invalidate the immediate bearish scenario and open momentum toward the $3.20–$3.40 range.

What on-chain and macro factors support the current view?

On-chain analysis shows notable whale accumulation, with roughly 340 million XRP reportedly moved to accumulation addresses in recent weeks. Ripple’s legal developments—specifically the closure of its SEC case—have reduced regulatory overhang and shifted focus back to adoption and institutional engagement, increasing odds of upside continuation if technicals confirm.

How should traders interpret breakout scenarios?

Traders should use clear, volume-confirmed breakouts to validate directional bias. A breakout strategy includes: 1) waiting for a daily close beyond $2.98 with above-average volume, 2) targeting $3.20–$3.40 with a trailing stop below new support, or 3) managing risk below $2.70 if price fails and moves toward $2.48–$2.33.

What are the institutional signals to watch?

Institutional interest is rising, with major industry events and reported participation from large asset managers cited in market observations. Watch for formal announcements and on-chain institutional flows; these could reinforce a bullish breakout if sustained buying pressure follows technical confirmation.

Frequently Asked Questions

Is $2.70 a reliable support for XRP right now?

Yes. Support at $2.70 has held multiple retests and forms the horizontal base of the descending triangle; a confirmed daily close below it would increase probability of a move toward $2.48 or $2.33.

How large could a breakout move be for XRP?

A technical projection from the triangle apex suggests a potential move near 25%, translating to upside of roughly $3.20–$3.40 or downside near $2.48–$2.33 depending on breakout direction.

Key Takeaways

• Pattern: Descending triangle with $2.70 support and $2.98 resistance defines near-term structure.
• Targets: Upside $3.20–$3.40; downside $2.48–$2.33 on confirmed breakout.
• Signals: Whale accumulation and legal clarity (Ripple SEC case closure) support bullish scenarios if technical confirmation follows.

Conclusion

This technical and on-chain review shows XRP at $2.89 inside a descending triangle, with $2.70 and $2.98 as the decisive levels. Traders should prioritize confirmed volume breakouts and institutional flow signals. COINOTAG will monitor developments and update this analysis as price action unfolds.