Ripple Price Analysis: XRP Coiling Pattern Signals Explosive Next Step

Ripple has been trading sideways against both USDT and BTC after its strong rally back in ￰0￱ Bitcoin’s recent pullback, concerns are growing among investors that the broader bull market could be fading, which in turn raises the risk of XRP also heading ￰1￱ Analysis By Shayan The USDT Pair On the daily timeframe of the USDT pair, the market has been consolidating in a relatively tight range, forming a symmetrical triangle ￰2￱ type of structure usually signals that a decisive move is on the horizon, as price coils up before expanding again. Currently, the bias leans slightly to the downside, as the triangle appears weaker with each retest of ￰3￱ sellers gain momentum, the next major level to watch will be the $2.70 support ￰4￱ level has already acted as an important pivot in the past, so another breakdown could set the stage for a sharper ￰5￱ to the bearish case, the RSI is currently holding below the 50 midpoint, which is a clear indication that momentum is favouring the ￰6￱ long as the RSI remains subdued, the probability of a breakdown below $2.70 is higher than a bullish ￰7￱ that breakdown occurs, the market could continue to slide until it reaches the lower boundary of the broader ascending ￰8￱ course, this outlook would only shift if market dynamics change suddenly in favor of the bulls, with stronger buying activity stepping in to push the price out of the triangle to the ￰9￱ BTC Pair On the XRP/BTC chart, the price has also been consolidating, holding above a major support area.

July’s surge, however, managed to push the market out of a long-term descending channel, which has tilted the broader structure to the bullish ￰10￱ RSI sitting near the neutral 50 level reflects uncertainty, as traders appear to be waiting for a decisive ￰11￱ the 2,500 SAT support holds, the market could attempt another rally targeting the 3,000 SAT ￰12￱ if 2,500 SAT fails, the price would likely fall back inside the old channel, opening the door for a drop toward 2,000 ￰13￱ a move would confirm a bearish reversal and add further pressure on XRP holders.