Just spotted something interesting on XRP's chart that's worth watching. The pattern forming right now looks like a textbook ascending triangle, and if it plays out, we could be looking at a significant move. Egrag Crypto has been highlighting this setup, and honestly, the structure checks out from a technical perspective.

So here's what's happening: XRP keeps making higher lows while bumping into a flat resistance around $1.65-$1.70 (what analysts call Zone 1). That compression between rising support and flat resistance is basically a coiled spring waiting to release. Current price is sitting at $1.36, so there's still room to run if this breaks. The interesting part is that Egrag Crypto estimates roughly 65% probability of a breakout above Zone 1, which would then target around $2.60 (Zone 2) if momentum sustains.

The real question is what triggers it. Regulatory clarity on digital assets could be the spark, especially with discussions around frameworks like the Clarity Act. Beyond that, you'd probably need institutional money flowing in or Bitcoin stabilizing to free up altcoin momentum. Without a catalyst, there's that 35% chance we see the triangle rejected and liquidity swept lower before another attempt.

If Zone 1 does break, the confirmation would come from sustained weekly closes above $1.85-$2.00. That's the level to watch. Either way, the next few weeks could tell us a lot about where XRP heads. The technical setup is there, now it's just waiting for the catalyst to align with the pattern. Worth keeping on your radar if you're tracking this one.