Crypto analyst JackTheRippler (@RippleXrpie) has predicted XRP’s next move. He published a chart showing the digital asset forming a descending triangle pattern with a downward-sloping resist
Crypto analyst JackTheRippler (@RippleXrpie) has predicted XRP’s next move. He published a chart showing the digital asset forming a descending triangle pattern with a downward-sloping resistance line converging toward flat horizontal support near $1.24636.
He believes XRP is about to break out of the triangle and he asked his audience to prepare for a pump. XRP is trading at $1.29725, down just 0.05% at the time of the analysis. The price action tells a more significant story than that small daily move suggests.
What the Chart Shows
The descending triangle spans several weeks of price action. XRP peaked near $1.65 during the rally in late October before sellers pushed the price progressively lower. This extended decline created the downward sloping upper trendline. Each rally failed at a lower high.
Meanwhile, buyers defended the $1.24636 support level consistently, forming the flat base of the triangle. The two lines now converge. XRP sits just above that horizontal support at $1.29725.
The Bullish Case
JackTheRippler labels XRP’s current setup as bullish. When an asset’s price holds support repeatedly inside a descending triangle, buying pressure can accumulate. A break above the descending resistance line would signal that sellers have exhausted their control.
The target following such a breakout is not specified in the post, but the chart’s price range extends to $1.90. That level sits roughly 46% above the current price, giving bulls a clear reference for the digital asset’s next breakout.
XRP’s Current Position
XRP currently trades between two critical technical levels. Support sits at $1.24636. The descending trendline crosses near $1.31 to $1.33 in the near term based on the chart’s trajectory.
A confirmed breakout above that resistance would require buyers to push price above the trendline on meaningful volume. Until that happens, XRP remains inside the triangle structure.
The $1.50 level, bolded on the chart’s right axis, represents the first significant psychological resistance above current price. Reclaiming it would strengthen the bullish case JackTheRippler is presenting.
Timing Remains the Open Question
JackTheRippler’s chart does not specify a timeline for the breakout. The triangle’s apex narrows in the near term. XRP will be forced to make a decision soon. Traders watching the asset are monitoring the $1.24636 support and the descending trendline as the two levels that will define the next major move.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
The post Pundit Says XRP Is Poised to Break Out. Prepare for A Pump. Here’s why appeared first on Times Tabloid.