XRP/USDT 8H ChartXRP / TetherUSBINANCE:XRPUSDTcryptodailyukMarket structure You have a very clear: a symmetrical triangle with a long-term downtrend from above and increasing support from below. The price is currently sitting practically at the middle/end of a compression—the market is preparing for a larger move. What can be seen technically? 1. Main trend Since February: lower highs from above, higher lows from below. This means: decreasing volatility, accumulation, preparation for a breakout. Such patterns usually end with a strong impulse. Key Levels Resistance Key Zones: 1.469 — first strong resistance 1.524 1.577 — main target after the breakout Support 1.409 1.379 1.347 1.263 — critical support for the entire structure RSI / Stoch RSI Stoch RSI It is significantly cooled: around 20, almost oversold. This often results in: a short-term rebound, especially with trendline support. RSI Classic RSI around 50: no extreme, market neutral, energy has not yet been released. This fits well with consolidation before a breakout. Scenarios Bullish (currently slightly stronger) If: XRP maintains the trendline from below, returns to 1.42–1.43, and breaks 1.469 on volume, the likely targets are: 1.52 1.57 even around 1.65 with strong BTC. A breakout from such a large triangle could result in a very dynamic move. Bearish If: the 8-hour close falls below 1.40, and the market loses the rising trendline, then a possible pullback: 1.379 1.347 in an extreme case, 1.26. This would negate the entire upward trendline. The most important thing now The price is practically: between support and resistance, i.e., in the "decision zone." Safest play: Wait for a breakout, don't play the center of the triangle, watch the volume.