XRP Price Today: XRP Holds $2.30 Demand Zone After Symmetrical Triangle Break but Faces 200 SMA Resistance
XRP is testing the $2.30 demand zone after breaking a symmetrical triangle, while facing resistance at the 4-hour 200 SMA.Summary
XRP is currently trading around $2.306, holding a significant demand zone between $2.23 and $2.30, which coincides with the lower boundary of a descending channel. The price recently broke out of a symmetrical triangle pattern, briefly surpassing the 4-hour 200 Simple Moving Average (SMA), a key trend indicator, but has since pulled back to test this confluence of technical factors. A hammer reversal pattern in the accumulation zone suggests buyers are defending this support, potentially leading to a move toward $2.72–$2.78 if the $2.35–$2.38 pivot holds. Conversely, a close below $2.23 would expose XRP to further downside toward $2.10–$2.15. Fundamental support comes from positive sentiment following the launch of a spot XRP ETF, though market liquidity and macro conditions remain uncertain factors influencing the short-term trajectory.
(Source：Brave New Coin)