$XRP A symmetric triangle occurs when each rally peaks lower than the previous one and each decline bottoms higher, creating two trendlines that squeeze the price toward a point. The upper trendline acts as resistance, where sellers halt rallies, while the lower line serves as support, where buyers prevent price drops. A breakout occurs when price moves past one of these lines, and a retest follows, testing whether old resistance now serves as support.
XRP’s triangle formation began at its January 2018 peak of $3.31. The rally in April 2021 peaked at $1.96, hitting the upper trendline before XRP broke above it in November 2024, still below $1. After that breakout, XRP soared to a high of $3.65 in July 2025. However, a bear market that started in August 2025 pushed the price down to $0.98 by August 2026, where it touched the old trendline and bounced back.
This sequence of breakout, subsequent rally, pullback to the line, and recovery is the classic pattern. The move up to $1.60 on September 22 completed this sequence. The slight dip to $1.55 raises concerns, as closing back inside the triangle would suggest a false breakout and could trap late buyers
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