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XRP price forms bullish pattern — a potential 37% rally ahead
Over the past 24 hours, XRP has dropped by 3.10% to $2.87, which is nearly 20% below its yearly high of $3.56, reached in July 2025.
Despite the decline, technical indicators suggest a bullish setup that could play out in the coming days.
Descending triangle could flip into breakout
On the daily chart, XRP is trading within a descending triangle pattern that has been forming since early July. The figure — marked by a series of lower highs converging toward a flat support zone — shows that sellers have been in control for the past few months.
Although descending triangles are typically seen as bearish continuation patterns, a breakout above the upper resistance line often signals a bullish reversal and a trend shift from bearish to bullish.
At the time of writing, XRP was trading about 5% below the key breakout level of $3. A confirmed move above this threshold would validate the reversal, especially if buyers manage to sustain momentum above resistance.
The next immediate resistance lies around $2.90, aligning with the 61.8% Fibonacci retracement level. A confirmed breakout above $3 could pave the way toward $3.93, implying a potential 37% upside.
See also: "Van de Poppe expects a correction before Bitcoin’s rally to $150,000"
