Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
XRP Ascending Triangle Breakout Hinges on This Catalyst

XRP Ascending Triangle Breakout Hinges on This Catalyst

CryptoNewsNetCryptoNewsNet2026/03/18 20:45
By:CryptoNewsNet
Back to the list

XRP Ascending Triangle Breakout Hinges on This Catalyst

XRP Ascending Triangle Breakout Hinges on This Catalyst image 0  thecryptobasic.com 15 m
XRP Ascending Triangle Breakout Hinges on This Catalyst image 1

$XRP is building within an ascending triangle, with analysis highlighting possible price scenarios and catalysts for a measured move.

The analysis features the 5-day chart and the current $XRP trend within a price range. With the asset still lacking the required momentum to break out, emerging macro factors could provide the push for a measured directional move.

Key Points

  • $XRP is approaching a critical moment, with price compressing just below a well-defined resistance zone between $1.65 and $1.70.
  • The current structure places $XRP in a tightening range, suggesting a decisive move is imminent.
  • Analysis predicts a 65% chance of a break above the zone 1 resistance and a 35% chance of a fakeout and rejection.
  • One of the key drivers for this breakout is the progress of the Clarity Act, as its passage would see a measured $XRP move towards the next key resistance at $2.60.
  • $XRP could push higher, with a stable Bitcoin price behavior, a drop in the Bitcoin dominance, and continued inflows to $XRP spot ETFs driving the move.

$XRP Below Resistance Zone

$XRP is approaching a critical moment, with price compressing just below a well-defined resistance zone between $1.65 and $1.70. Market technician EGRAG Crypto highlighted this move in a recent X post, noting that the $XRP chart’s structure resembles a classic ascending triangle, with higher lows building pressure beneath a flat ceiling.

This type of formation often signals that buyers are gradually gaining strength, even as resistance remains intact. Each pullback faces support at higher levels, suggesting that demand is stepping in earlier over time. At the same time, liquidity tends to accumulate above resistance, creating the conditions for a potential breakout if momentum continues to build.

Compression Builds Toward a Decision Point

Meanwhile, the current structure places $XRP in a tightening range, with the gap between support and resistance narrowing. This compression phase typically precedes a decisive move, as the market prepares to resolve the imbalance between buyers and sellers.

XRP Ascending Triangle Breakout Hinges on This Catalyst image 2$XRP Within an Ascending Triangle/EGRAG Crypto">
$XRP Within an Ascending Triangle/EGRAG Crypto

EGRAG highlighted the price probabilities for $XRP within this range. Specifically, he predicted a 65% chance of a break above the resistance zone, termed “zone 1,” and a 35% possibility of a fakeout and rejection to extend its trend within the ascending triangle.

A sustained move above the $1.70 region would clear the resistance, opening the door for further upside. However, if the price fails to break through convincingly, the same setup can lead to a temporary rejection. This, the analyst said, depended on alignment with some external catalysts.

What Could Drive the Next $XRP Move

One of the key drivers for this breakout is the progress of the Clarity Act. EGRAG noted that a favorable development on the regulatory front could act as a trigger, encouraging stronger participation and helping prices move beyond the current resistance.

For one, the Clarity Act passed the US House in July 2025 but has not found the same joy in the Senate. Banks and the crypto industry are at loggerheads over the bill’s details, slowing its passage. If the legislation is postponed and crypto does not get the regulatory clarity it desires, $XRP would likely not break out of the ascending triangle.

In contrast, EGRAG believes a passage would see a measured $XRP move past zone 1 towards the next key resistance at $2.60. From the current price of $1.45, this would culminate in a 79% increase.

Higher Price Possibilities

Even so, clearing this first resistance zone may not be enough to sustain a broader uptrend. For $XRP to push toward higher levels above $2.60, additional conditions would likely need to align.

EGRAG mentioned stable price behavior in Bitcoin or a drop in Bitcoin’s dominance as catalysts for a push past zone 2. Additionally, continued inflows from institutions and traditional vehicles such as $XRP spot ETFs would drive the rally past the $2.60 resistance level. A sustained weekly close above $1.85-$2.00 would confirm the push to zone 2

Breaking the $2.60 resistance paves the way for a rally to the next resistance around $3.40. For perspective, reaching this level would represent a 134% rise from the current market price.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

The Shopify Stock Rally Isn't Done: Chart of the Week -- Barrons.com

By Doug Busch Shopify is no longer a pandemic-era growth story that simply failed to slow down. It is compounding at a pace few software platforms its size still manage. In the second quarter of 2026, sales on its platform rose 32%. That was the fifth straight quarter of growth exceeding 30%. Merchants are also using more of Shopify's own tools, from payments to Shop Pay, and new channels like AI shopping agents are starting to increase demand. The simple bull case is that the stock already commands a huge share of independent online commerce, and that position should become more valuable as more buying moves through its checkout. A rule of market mechanics is that the vast majority of an individual security's gain is driven by its underlying sector. Within technology, software has staged a robust recovery, joining semiconductors to power the broader sector higher. The iShares Expanded Tech-Software Sector ETF has maintained an upward trajectory since its mid-April lows, though the advance from $74 to $112 has been choppy as bulls repeatedly stepped in to defend when necessary. Breadth across large-cap software has expanded significantly, with 24 constituents surging over 20% over the past three months. During that same three-month window, Shopify generated outstanding relative strength, advancing 36%, more than doubling the IGV's 17% gain over the same period. Expect the stock's outperformance to persist as software momentum broadens. Let's examine the daily and monthly charts to outline the technical drivers behind this thesis. Looking at the daily chart, the ratio chart against the IGV shows persistent outperformance extending back to mid-May. The stock is riding an eight-session winning streak, during which price action cleared a double-bottom-with-handle pivot at $151.39. Within this broader base, the stock recorded a bullish golden cross in late August and successfully filled its Sept. 10 price gap, tracing back to its Aug. 4 session, the day before a powerful earnings reaction sent the stock surging 17% hi

Dow Jones•2026/10/09 03:10

TRexBio: IPO Of 8.3M Shares Priced at $14.00 Each >TRXB

TRexBio: IPO Of 8.3M Shares Priced at $14.00 Each >TRXB

Dow Jones•2026/10/09 01:47

Talos Energy director Barbara J. Faulkenberry files initial beneficial ownership statement

Talos Energy director Barbara J. Faulkenberry filed an initial Form 3 statement dated Oct. 1, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Talos Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-418248), on October 08, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/09 01:05