Technical analysis by cryptodailyuk about Symbol XRP on 8/31/2025

Formation The chart shows a narrowing symmetrical triangle (orange lines). The price is now in the lower part of the triangle, with support around $2.80–2.79. If the price breaks out of this consolidation, we could see a larger trend move. Supports $2.80–2.79 – local support (lower line of the triangle). $2.63 – strong horizontal support, reinforced by the earlier rebound. $2.46 (SMA200) – key intermediate-term level. Resistances $3.00–3.08 (SMA50) – first major resistance. $3.17 – next barrier. $3.42 – strong resistance from July. Indicators MACD: below the 0 line, negative histogram → bearish signal, but no strong downward momentum yet. RSI (41): close to the oversold zone, but still neutral-weak – no clear divergence. SMA50 (red) is falling and is above the price → selling pressure. SMA200 (blue) is rising and acting as medium-term support. Scenarios Bullish – a rebound from the lower boundary of the triangle (2.80) and an attack on $3.00–3.08. A breakout from the upper boundary of the formation will open the way to $3.42. Bearish – a breakout below the $2.80–2.79 zone → a test of $2.63 and deeper into $2.46 (SMA200). Summary The market is at a critical juncture – price is squeezed within the triangle, indicators are neutral-weak, and volume is decreasing. A breakout from this consolidation (most likely in early September) will set the course for the next move. 👉 If you're trading short term, maintaining the $2.80 level is key. 👉 If you're trading medium/long term, only a break above $3.08–3.17 will provide a strong bullish signal.