Despite XRP’s recent decline, market analyst EGRAG Crypto insists the token is not crashing but is simply filling an ascending triangle formation that has been in play since early February.
After reaching a two-week high of $2.83 on Feb. 15, XRP faced resistance and dropped 7.5% over the past three days, losing key psychological levels at $2.7 and $2.6. This pullback, according to EGRAG, is a natural correction rather than a bearish collapse.
The current price action suggests XRP is moving within a symmetrical triangle, which formed after an 18.53% drop earlier this month.
Although XRP briefly broke out on Feb. 15, the move was considered a “fake-out”, as the asset was pulled back into the triangle.
For a strong breakout, XRP needs to consolidate further within this pattern. Key support lies at $2.47, while resistance levels ahead include $2.9, $3.22, and $3.4.
As long as the bulls hold above $2.5, XRP remains in position for a potential breakout toward new highs.
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