Beneath the noise of market volatility and shifting regulatory winds, XRP has been quietly coiling — and traders are starting to pay attention.
The token, known for its connection to Ripple Labs and a longstanding role in payments innovation, has spent the last few weeks trading within a symmetrical triangle — a chart pattern that often precedes major price movements. The structure, marked by converging support and resistance lines, reflects growing tension in the market — tension that’s about to break.
Popular technical analyst @DefendDark recently pointed to this triangle formation as a setup that could lead to a surge in XRP’s price. His short-term forecast? A breakout toward $6, if current levels hold and buyers gain momentum.
Technical indicators support that thesis. Fibonacci retracement levels show $2.04 as a firm base and $2.20 as the critical resistance ceiling. If XRP can clear that threshold with conviction, it could ignite a mid-term push toward the $5–$8 range, driven by bullish sentiment and renewed interest.
There’s also a broader rhythm at play. Elliott Wave Theory — a method for interpreting market cycles based on investor psychology — suggests XRP may be emerging from a corrective phase, positioning itself for the next upward impulse. If that wave kicks off soon, momentum could accelerate rapidly.
Meanwhile, external factors could add fuel to the move. On April 9, the U.S. House will hold a high-stakes hearing on digital asset regulation titled “The Future of American Innovation and Digital Assets.” Any signs of favorable policy direction could send a signal to markets that clearer rules — and perhaps broader adoption — are on the horizon.
Adding to the intrigue, both XRP and Cardano’s ADA were cited in a recent address by former President Donald Trump as assets potentially earmarked for a strategic crypto reserve. While symbolic, such comments have helped shift sentiment in their favor.
Whether this triangle ends with a breakout or breakdown, one thing is clear: XRP is approaching a critical moment. And if history is any guide, these kinds of patterns don’t stay quiet for long.
