XRP is currently navigating a tight consolidation zone, fueling speculation that a major breakout could be just around the corner. Both in its USDT and BTC trading pairs, Ripple’s native token has been trading sideways, testing key support and resistance levels that may soon determine its next big price move.

Technical Setup Against USDT

Following a strong rally earlier in the summer, XRP has entered a compression phase within a symmetrical triangle pattern. The token is hovering just above a critical support range near $2.70, an area now aligning with the 100-day moving average, adding technical significance to this zone. A break below this confluence could pose bearish risks, potentially dragging the price toward $2.40, where the 200-day moving average rests as a safety net.

The relative strength index (RSI) is currently around 42, which implies decreasing buying momentum and tilts short-term sentiment toward the bears. Yet, if XRP manages to bounce within the triangle structure and breach to the upside, an aggressive rally could take form, setting sights on the $3.60 resistance as the next key target.

Technical analysis of XRP price structure against USDT suggests an approaching decision point amid tightening consolidation.

Performance Versus Bitcoin (BTC)

On the XRP/BTC front, the asset recently breached a long-standing descending channel, sparking a bullish move up to the 3,000 SAT level. However, the rally quickly lost steam as XRP entered a consolidation phase, finding support near the 2,500 SAT zone. This area now serves as a key battleground for bulls and bears alike, reinforced by the presence of both the 100-day and 200-day moving averages merging underneath.

With the RSI hovering near 44 — still below the neutral 50 — there is currently no strong momentum to favor either direction. A breakdown below 2,400 SAT could expose the market to losses down to the 2,000 SAT level. Conversely, a rebound from current positions could push XRP toward retesting the 3,000 SAT resistance, opening the door for further upside if buyers regain control.

XRP/BTC chart reflects a bullish breakout followed by a consolidation phase above crucial technical supports.

Outlook: Awaiting Market Confirmation

Whether XRP breaks out or continues to range-trade hinges largely on how it performs around these vital technical zones in the coming trading sessions. For now, traders should watch closely for a decisive move beyond the triangle on the USDT chart or a firm defense of support on the BTC pair.

Related: XRP Price: $12M Max Pain for Bears

You can review the original charts and discussion here.