XRPUSD is testing a key support at $2.60, trading inside a symmetrical triangle that’s showing signs of weakening momentum. Since October 26, the price has compressed between $2.69 resistance and $2.60 support, forming lower highs while volume thins — often a sign of a breakout buildup.If $2.60 breaks on a 12-hour close,
XRPUSD could slide to $2.55, then $2.46, which aligns with the 0.618 Fibonacci retracement and may act as temporary support. A bounce from $2.60 would need confirmation above $2.69, opening upside targets at $2.88 and $3.02.The RSI remains neutral, suggesting consolidation could continue before a directional move. Traders should watch for breakout volume to confirm the next leg.
On-chain data shows long-term holders increasing outflows by 2,200% since mid-October, hinting at sustained sell pressure. Unless buying volume returns soon,
XRPUSD risks slipping into a short-term bearish continuation phase.
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