{"id":668367,"date":"2024-12-31T17:00:12","date_gmt":"2024-12-31T17:00:12","guid":{"rendered":"https:\/\/wncen.com\/?p=668367"},"modified":"2024-12-31T11:37:06","modified_gmt":"2024-12-31T11:37:06","slug":"xrp-price-descending-triangle","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-descending-triangle\/","title":{"rendered":"XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Crypto analyst <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-to-28-wave-analysis\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Dark Defender<\/span><\/a><span style=\"font-weight: 400\"> has revealed a pattern in which the XRP price has formed on the daily chart. In his analysis, he highlighted the $1.95 price level as being crucial as it could determine XRP\u2019s next move.\u00a0<\/span><\/p>\n<h2>XRP Price Forms Descending Triangle On The Daily Chart<\/h2>\n<p><span style=\"font-weight: 400\">In an <\/span><a href=\"https:\/\/x.com\/DefendDark\/status\/31030468\" rel=\"nofollow\"><span style=\"font-weight: 400\">X post<\/span><\/a><span style=\"font-weight: 400\">, Dark Defender mentioned that the XRP price has formed a <\/span><a href=\"https:\/\/wncen.com\/news\/ripple\/xrp-0-60-triangle-breakout-could-ignite-parabolic-rally-key-levels-to-watch\/\"><span style=\"font-weight: 400\">descending triangle<\/span><\/a><span style=\"font-weight: 400\"> on the daily time frame. He added that a breakout is imminent in this pattern as long as $1.95 is protected.\u00a0 The analyst highlighted $2.22, $2.72, $2.90, and $5.85 as the initial targets XRP could reach if the price breakout occurs.\u00a0<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-bullish-q1-2025\/\">Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025<\/a><\/p>\n<figure id=\"attachment_668387\" aria-describedby=\"caption-attachment-668387\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-668387\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Price-3-2.png?w=460&#038;resize=460%2C191\" alt=\"XRP Price 3\" width=\"460\" height=\"191\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Price-3-2.png?w=512 512w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Price-3-2.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-668387\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Meanwhile, the crucial support levels for the XRP price are $1.95, $1.88, and $1.63. Based on an earlier analysis by Dark Defender, XRP could still rally to double digits in the long term. The analyst highlighted a bull flag that had formed on the daily chart, noting that it was similar to the one that had <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-forms-bullish-pattern\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">earlier formed<\/span><\/a><span style=\"font-weight: 400\"> on the 4-hour timeframe.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Dark Defender stated that the bull flag that formed on the daily chart targets the <\/span><a href=\"https:\/\/bitcoinist.com\/fibonacci-levels-xrp-price-80\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Fibonacci Level<\/span><\/a><span style=\"font-weight: 400\"> of $5.85 and penetrates toward $10.1979. The crypto analyst remarked that this is a historical pattern approach and the Fibonacci Wave. He added that the last Fibonacci targets stand at $18.22 and $36, with no significant targets in between.\u00a0<\/span><\/p>\n<figure id=\"attachment_668386\" aria-describedby=\"caption-attachment-668386\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-668386\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Price-2-4.png?w=460&#038;resize=460%2C288\" alt=\"XRP Price 2\" width=\"460\" height=\"288\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Price-2-4.png?w=512 512w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Price-2-4.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-668386\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The analyst\u2019s accompanying chart showed that the XRP price could reach these targets in the first half of 2025. While analyzing XRP\u2019s yearly chart, <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-to-28-wave-analysis\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Dark Defender<\/span><\/a><span style=\"font-weight: 400\"> stated that a God Candle awaits next year. This came as he noted that XRP had enjoyed a breakout year in 2024, having consolidated for around six years. XRP boasts a year-to-date (YTD) gain of over 228%.\u00a0<\/span><\/p>\n<h2>From An RSI Perspective<\/h2>\n<p><span style=\"font-weight: 400\">Crypto analyst <\/span><a href=\"https:\/\/wncen.com\/altcoin\/xrp-price-prediction-fibonacci-and-elliott-wave-analysis-suggests-15-by-may-2025\/\"><span style=\"font-weight: 400\">Egrag Crypto<\/span><\/a><span style=\"font-weight: 400\"> provided insights into the XRP price action from a Relative Strength Index (RSI) perspective. The analyst stated that 74, 70, and 65 are the three key RSI levels to watch out for. In the most bullish scenario, he remarked that XRP needs to ideally reach 88 or even 96.5 and higher for the RSI curvature to continue trending upward.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-price-crash-to-78000\/\">Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here\u2019s Why<\/a><\/div>\n<figure id=\"attachment_668387\" aria-describedby=\"caption-attachment-668387\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-668387\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Price-3-2.png?w=460&#038;resize=460%2C191\" alt=\"XRP Price 3\" width=\"460\" height=\"191\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Price-3-2.png?w=512 512w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/XRP-Price-3-2.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-668387\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Egrag Crypto said it would be \u201cincredibly\u201d bullish if the XRP price bounces from the 74 range. Meanwhile, a dip to 70 could indicate bearish momentum. However, he added that a bounce from this RSI level is essential for continuing <\/span><a href=\"https:\/\/wncen.com\/analysis\/xrp\/xrp-to-have-the-mother-of-all-bull-runs-analyst-sets-double-digit-target\/\"><span style=\"font-weight: 400\">the bull run<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Likewise, a dip to 65 is also bearish for XRP, but as long as the crypto doesn\u2019t drop below this level, then a bounce would indicate a significant move ahead. The crypto analyst warned that closing below the 65 RSI level could signal the end of the bull run.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, the XRP price is trading at around $2, down over 3% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/XIjFTZ6d\/\" alt=\"XRP price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">Price remains above $2 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Dark Defender has revealed a pattern in which the XRP price has formed on the daily chart. In his analysis, he highlighted the $1.95 price level as being crucial as it could determine XRP\u2019s next move.\u00a0 XRP Price Forms Descending Triangle On The Daily Chart In an X post, Dark Defender mentioned that the XRP price has formed a descending triangle on the daily time frame. He added that a breakout is imminent in this pattern as long as $1.95 is protected.\u00a0 The analyst highlighted $2.22, $2.72, $2.90, and $5.85 as the initial targets XRP could reach if the price breakout occurs.\u00a0 Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 Meanwhile, the crucial support levels for the XRP price are $1.95, $1.88, and $1.63. Based on an earlier analysis by Dark Defender, XRP could still rally to double digits in the long term. The analyst highlighted a bull flag that had formed on the daily chart, noting that it was similar to the one that had earlier formed on the 4-hour timeframe.\u00a0 Dark Defender stated that the bull flag that formed on the daily chart targets the Fibonacci Level of $5.85 and penetrates toward $10.1979. The crypto analyst remarked that this is a historical pattern approach and the Fibonacci Wave. He added that the last Fibonacci targets stand at $18.22 and $36, with no significant targets in between.\u00a0 The analyst\u2019s accompanying chart showed that the XRP price could reach these targets in the first half of 2025. While analyzing XRP\u2019s yearly chart, Dark Defender stated that a God Candle awaits next year. This came as he noted that XRP had enjoyed a breakout year in 2024, having consolidated for around six years. XRP boasts a year-to-date (YTD) gain of over 228%.\u00a0 From An RSI Perspective Crypto analyst Egrag Crypto provided insights into the XRP price action from a Relative Strength Index (RSI) perspective. The analyst stated that 74, 70, and 65 are the three key RSI levels to watch out for. In the most bullish scenario, he remarked that XRP needs to ideally reach 88 or even 96.5 and higher for the RSI curvature to continue trending upward.\u00a0 Related Reading: Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here\u2019s Why Egrag Crypto said it would be \u201cincredibly\u201d bullish if the XRP price bounces from the 74 range. Meanwhile, a dip to 70 could indicate bearish momentum. However, he added that a bounce from this RSI level is essential for continuing the bull run.\u00a0 Likewise, a dip to 65 is also bearish for XRP, but as long as the crypto doesn\u2019t drop below this level, then a bounce would indicate a significant move ahead. The crypto analyst warned that closing below the 65 RSI level could signal the end of the bull run.\u00a0 At the time of writing, the XRP price is trading at around $2, down over 3% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":652844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-668367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Forms 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