XRP 8H – Squeezing Into Triangle, Breakout or Breakdown Next?

XRP is consolidating inside a tightening triangle pattern, with higher-lows pressing against descending resistance. Price is nearing the decision point where a breakout or breakdown becomes likely.

Upside scenario: A breakout above $3.20 could target the $3.40–3.60 range. Downside scenario: Failure to hold trendline support risks a retest of the fib retracement zone at $2.75–2.50.

Momentum (Stoch RSI) is cooling, suggesting more compression before expansion. Traders should watch for a confirmed move out of this triangle before committing to direction.