XRP, Retail Investors 'Wait and See' Ahead of 26% Volatility... Exploration Mode Between $1.35 vs $1.45

▲ XRP

XRP has reached the apex of a symmetrical triangle pattern on its daily chart, signaling an imminent breakout accompanied by a significant 26% volatility.

U.Today reported on May 1st (local time), citing virtual asset analyst Ali's analysis, that XRP is currently consolidating within a clear symmetrical triangle on the daily chart. As the price approaches the triangle's apex, market energy is converging, suggesting a significant expansion in volatility soon. Based on the height of the formed pattern, this breakout is expected to trigger a price movement of approximately 26% in either direction.

Ali presented key price levels for investors to watch carefully, setting the area between the $1.35 support and $1.45 resistance as a no-trade zone. Trading within this range carries a high risk of being caught in a whipsaw. Investors should wait until the price clearly breaks out of this range and forms a daily close. If it closes above $1.45, the target price becomes $1.82, but if it falls below $1.35, there is a possibility of retreating to the $1 mark.

Virtual asset data analysis firm CryptoQuant also predicted a strong rebound potential for XRP, citing the widening gap between the leverage ratio and price. Typically, a larger discrepancy like this tends to be followed by aggressive price movements. Although the market is currently in a sideways trend, the fact that the price has not plummeted despite leverage being unwound and speculative excesses being reduced is a positive sign.

Once new long position leverage begins to build in the market, the price reaction is expected to be much stronger than usual. The current calm market is effectively a phase of accumulating potential energy, and if the leverage ratio starts to rise, it could lead to a sharp surge accompanied by a short squeeze, beyond a simple increase. Such periods are characterized by sudden and powerful price spikes rather than gradual rises.

Virtual asset analysts and data indicators commonly suggest that XRP's market energy has reached a critical point. Whether it breaks out of the $1.35 and $1.45 box range is expected to be a turning point that determines the short-term direction. The currently accumulated energy, coupled with changes in the leverage ratio, is highly likely to bring about strong volatility exceeding market expectations.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*