XRP triangle pattern nears conclusion, analyst sees 70% chance of breakout

Indicators point to reduced volatility and neutral momentum

Schmidt noted on her X account that volatility in XRP has declined significantly as the price narrows inside the triangle formation. She pointed out that the Moving Average Convergence Divergence (MACD) indicator is showing signs of recovery, suggesting momentum could be building if buyers step in once a breakout occurs.

Despite the MACD recovery, Schmidt maintained a cautious approach, emphasizing that these technical indicators are not yet offering a definitive bullish signal.

“Price is compressing and volatility continues to decline, while the MACD is recovering. The RSI remains in a healthy zone; it has neither entered oversold territory nor reached a phase of strong bullish momentum,” Schmidt observed in her analysis.

She advised that only a confirmed move beyond a certain trendline would create a strong directional bias and set the stage for further gains.

Mini dictionary: MACD – The Moving Average Convergence Divergence is a technical indicator used to identify momentum changes in price trends. It helps traders assess whether price strength is increasing or decreasing.

Key levels and outlook for a breakout scenario

Schmidt identified a 3-month closing price above the blue trendline as a crucial confirmation of a breakout. If XRP manages to close above this level, she expects the following targets to come into play: first $1.70, followed by $1.88, $2.40, and $2.90.

These levels represent potential resistance points on the chart where traders may reevaluate momentum or take profits. Schmidt clarified that these are possible scenarios rather than assured outcomes, and that XRP must complete a convincing break above the triangle pattern to trigger the bullish case.

As of the latest analysis, XRP remains within the consolidating triangle, with no strong momentum in either direction. The RSI, another popular indicator, has not entered overbought or oversold territory, reflecting a balanced momentum state.

Schmidt’s technical perspective places the emphasis on the triangle’s resolution. She considers the 3-month closing price above the trendline as the critical threshold that would signal a direction shift and bring higher targets into view.

XRP’s next significant signal will come from whether it resolves above or below the triangle pattern, with a decisive move expected to set the path toward the $1.70, $1.88, $2.40, and $2.90 levels.

Schmidt’s analysis reflects a cautious optimism while keeping both bullish and bearish possibilities open as XRP nears a decision point on its chart.