Paul Bennett

🚨 XRP in the Waiting Room - Breakout Imminent? 🚨

$XRP is consolidating between $2.70 - $3.00, forming a neat symmetrical triangle. Volumes are low, traders are holding their breath… and the market is silently plotting the next move 🧐

📊 Key Points:

• Support: $2.70 - the line in the sand for bulls

• Resistance: $2.90 - $3.00 - the ceiling that needs breaking

• Upside Potential: $3.30 - $3.50, possibly stretching to $4.50 - $5.00 in a strong rally

• Downside Risk: $2.30 - $2.50 if support fails, maybe even lower

💡 Market Vibes:

• Symmetrical triangle signals an imminent breakout - but direction? Still anyone’s guess

• Low volume suggests cautious traders waiting for clear signals

• Broader market weakness, Bitcoin moves, and liquidation events keep XRP in check

• Positive tailwinds: SEC may ease spot ETF approvals, but don’t expect instant fireworks 💥

📈 Verdict: Neutral for now - volatility is brewing, and a directional move could surprise everyone soon.

#XRPEFT #Gold #HSBC

WhiteBIT Chart (5D): $XRP | $USDT