XRP continues to trade within a tightening range of $1.35 to $1.45 on the daily chart, with analyst Ali flagging a symmetrical triangle formation nearing its apex. CryptoQuant data shows leverage remains low across the market, while Santiment's sentiment index hit a two-year high following the Rakuten Wallet integration. Despite this, the price stays capped near $1.40.
Triangle Compression: Breakout Direction Sets a 26% Swing
According to Ali, XRP is forming a clear symmetrical triangle. Price is moving toward the apex as volatility compresses. The pattern projects a potential 26% move once price breaks out. However, the formation remains neutral until a confirmed breakout occurs. Ali marked the $1.35 support and $1.45 resistance as a "no-trade zone" — price action inside this band has repeatedly produced false moves.
Confirmation becomes critical. A daily close above $1.45 targets the $1.82 level, while a close below $1.35 exposes $1.00.
Leverage vs. Price: Low Speculation Sets Stage for Sharp Move
CryptoQuant highlighted a divergence: price remains elevated, but the leverage ratio stays low and moves sideways. This setup indicates that speculative activity has cooled down. Remarkably, price has not followed lower, keeping the structure intact. Historically, such conditions do not last long — the gap typically resolves through a sharp move rather than gradual change. CryptoQuant added that when leverage rebuilds from low levels, price reactions tend to accelerate.
Sentiment Hits Two-Year High Yet Price Stalls at $1.40
Santiment reported that XRP sentiment reached a two-year high, driven by the Rakuten Wallet integration which lifted network attention. However, the price continues to face resistance near $1.40. This level has limited upward movement despite stronger sentiment data, creating a disconnect between market mood and price action. Attention now turns to whether XRP can break out of its defined range.