#BTC上攻11万？ #比特币市场波动观察 XRP is forming a triangular pattern, with the market awaiting a breakout after the holidays; key support is at $1.94, and resistance is around $2.59.
XRP faces a crucial price movement, potentially rising to $2.59 or falling to $1.40; the market consolidation continues.
Currently, XRP is trading within a certain range, and the market is relatively calm due to the holidays. There has not been any significant breakthrough in price yet. The key question now is whether XRP will experience a price surge after the holidays. At the time of writing, XRP has dropped over 2%, trading at $2.25.
A potential triangular pattern is forming.
At present, XRP may be forming a triangular pattern, which typically indicates a period of consolidation before a breakout. However, it is important to note that triangles are not always reliable, and this pattern does not seem to be fully formed yet. Caution is warranted, as the pattern may evolve into other formations, and a noticeable breakout may still take some time.
The price of XRP could move in two directions.
Upside breakout scenario: An upside breakout is still possible, but the triangle does not seem to be fully formed yet. Completing the correction may require more time, either through a continued D wave within the triangle or through a downward move.
If the market stays around the recent support level of $1.94-$1.95, XRP could move higher, targeting the $2.59 level, which would be an important milestone in this pattern.
Downside risk: If XRP fails to break upward and instead falls below the support level of $1.94-$1.95, the price may drop to lower support levels. Key levels to watch on the downside include $1.80, $1.63, and $1.53. The $1.40 area is particularly important as it aligns with common retracement targets during the correction phase.
Conclusion
The price trend of XRP is at a critical point. While a breakout is still possible, the triangular pattern is not yet fully completed, and several potential correction scenarios need to be considered.
