XRP Forms 2 Triangles Signaling Breakout Toward $2.48 Level    

XRP builds a strong ascending triangle near $2.48, showing a pattern that resembles its historic 2017 breakout rally.

The technical setup indicates rising momentum as traders prepare for a possible continuation beyond major resistance levels.

Market watchers focus on XRP volume growth and pattern alignment that could trigger a strong upward breakout move soon.

XRP’s long-term price chart displays a powerful ascending triangle formation, indicating an imminent breakout. The token currently trades near the $2.48 level, consolidating after a steady upward trend that began months ago. The pattern, as illustrated in the chart shared by Amompyx, hints at a strong bullish continuation similar to previous market cycles.

The tweet accompanying the chart asked, “Are you ready for the next insane breakout? $XRP.” This statement immediately drew attention from traders, sparking discussions about whether XRP is preparing for a surge comparable to its historic rallies. The visual shows a clear breakout projection, marked by a thick upward arrow suggesting a sharp price advance.

In earlier cycles, XRP’s structure displayed identical technical formations that preceded large upward movements. When a symmetrical triangle resolved in 2017, the price surged rapidly, recording gains that defined the market’s bullish phase. Now, a similar setup appears to be forming again, hinting that a comparable breakout could be underway.

Historical Patterns Indicate a Strong Technical Correlation

The chart reflects two distinct phases that align with XRP’s historical price behaviour. The first phase began before 2017, showing a consolidation wedge that led to a parabolic rally. The second phase, spanning from 2018 to 2024, exhibits another large symmetrical triangle formation that is gradually tightening toward a potential breakout point.

This repetition in structure suggests that market cycles around XRP follow consistent technical behavior. Aggressive price expansions have followed each major consolidation period. The current formation mirrors that same geometry, implying that the asset may be nearing a decisive breakout moment.

Indicators on the chart also confirm increasing market strength. The Relative Strength Index (RSI) shows a rising trend, aligning with previous breakout points that preceded sharp gains. Additionally, exponential moving averages (EMA) appear to be converging, often signaling a potential shift in momentum.

As XRP maintains higher lows along the ascending triangle's support, traders are closely watching the breakout resistance near $2.48. Breaching that level could open the door for a significant run, similar to the explosive price behavior witnessed in previous cycles.

Traders Anticipate Another “Insane” Breakout Move

The social media post gained strong traction, recording over 39,000 views and nearly 1,000 interactions within hours. Many respondents echoed optimism, expressing readiness for what they described as the “next major leg up.” Others referenced XRP’s historical peaks, recalling its rapid ascent beyond $3 in past cycles.

Community sentiment appears aligned with the technical outlook displayed on the chart. The upward arrow projecting beyond the $2.48 resistance signals expectations for continued growth. The structure’s resemblance to XRP’s 2017 setup further fuels speculation of a new macro uptrend.

Technical traders frequently view ascending triangles as strong continuation patterns. Once a breakout occurs above the resistance line, the move often extends sharply as volume increases. XRP’s current formation aligns with this narrative, where tight price compression leads to accelerated expansion once supply barriers are weakened.

The chart also shows a steady climb in volume near each central swing point, reinforcing the view that liquidity inflows may support a rally. This increasing participation lends credibility to the idea of an extended bullish phase once the breakout is confirmed.

If XRP repeats its past pattern, the upcoming breakout could define a new multi-year trajectory for the token. The alignment between technical indicators, historical data, and community anticipation points toward a pivotal moment in XRP’s market evolution.