XRP is approaching the upper boundary of a multi-month symmetrical triangle on the daily chart, putting $1.42 in focus as the main resistance level. On March 10 in Asian trading, the token climbed nearly 4% to an intraday high of $1.39. The move followed a pullback of almost 8% to $1.34 from its weekly high of $1.46.
That earlier drop came as Bitcoin corrected on rising inflation concerns tied to higher oil prices and worsening geopolitical tensions in the Middle East. As XRP recovers, attention has shifted back to the chart structure, where price is pressing against the upper side of the compression range.
$1.42 Stands Out as the Breakout Threshold
A symmetrical triangle forms when price action tightens between converging trendlines drawn from lower highs and higher lows. In technical trading, a break above the upper boundary is generally read as a bullish signal, while a move below the lower line points the other way. In XRP’s case, the setup is leaning bullish as price tests the top of the pattern.
The level traders are watching is the 23.6% Fibonacci retracement at $1.42. If XRP clears that area, the chart target cited in the report is $2.06, derived by adding the height of the triangle to the breakout point. From the reported price near $1.38, that implies upside of nearly 50%.
Momentum Indicators Are Turning Higher
Momentum readings are also improving. According to the report, the MACD line has turned upward, while the RSI has formed a bullish divergence against recent price action. That combination is often interpreted as a sign that selling pressure is fading and that buyers are regaining control.
Still, indicators alone do not confirm a breakout. The immediate question is whether XRP can move out of the triangle decisively instead of stalling near the upper trendline once again.
Stablecoin Supply on XRPL Increased 2.5% in a Week
On-chain data adds another piece to the setup. DeFiLlama data show that total stablecoin supply on the XRPL network rose 2.5% over the past seven days to $426 million. A larger stablecoin base usually points to deeper liquidity on the network and can support trading activity.
For blockchain ecosystems, growth in stablecoin supply is often tracked as a direct sign of capital availability inside the network. If that trend continues, it could improve transaction flow and raise interest in XRPL’s broader activity.
ETF Flows Show Institutional Demand Has Softened
There is also a weaker signal in the background. U.S. spot XRP ETFs posted $22 million in net outflows over the last two weeks, ending a four-week inflow streak. That suggests institutional appetite has cooled, even as technical conditions and on-chain liquidity metrics have improved.
The market is now balancing those two forces. XRP has a bullish chart structure, stronger momentum readings, and rising stablecoin supply on XRPL, but ETF flows have turned negative. For now, $1.42 remains the level at the center of the trade.