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I recently saw that XRP is forming an interesting pattern on the charts, and Egrag Crypto is right to point it out. A classic ascending triangle is forming below the critical zone of $1.65-$1.70, with higher lows while sellers maintain resistance above. It’s the typical compression that accumulates energy before a strong move.
What catches my attention is that the technical pattern aligns with what's happening regulatorily. The Clarity Act could be the catalyst that releases the trapped liquidity above. According to Egrag Crypto’s analysis, there’s approximately a 65% chance that XRP will break that resistance zone if the right momentum appears.
Currently, XRP is trading around $1.31, so there’s still distance to reach that first target. But if it manages to close sustainably above $1.85-$2.00, we would be confirming the expansion phase. Egrag Crypto also mentions a Zone 2 at $2.60 as the next target, but that would require more fuel: institutional entry, possible ETFs, and Bitcoin maintaining stability.
The key is to monitor both scenarios. If no catalyst appears, liquidity could decrease before another attempt. But if everything aligns, the coming weeks could be decisive. The triangle is there, the technical structure supports it, now we just need the trigger.