XRP Compresses into Bullish Triangle — Breakout Could Push Price to $2 by Year-End
XRP has formed a tight bullish triangle on short timeframes after a mid-December slide from low-$2s into the high-$1s and a fast flush toward $1.78. On Binance’s XRP/USDT 15‑minute chart, price is wedged near $1.865 between a descending dynamic resistance (~$1.88) and a rising support (~$1.84). Technical geometry projects a measured move of roughly 10% from the current pivot, which would target about $2.04 — making the round $2 mark a realistic year-end objective if buyers push through resistance. Downside risk remains: a break below $1.84 could expose XRP to retests of $1.80 and the $1.78 flush zone. Traders should treat the triangle as a potential catalyst for a quick directional move rather than a certainty; close management of risk and stops is advised around the $1.84 support and the $1.88 resistance levels.
Bullish
The article describes a classic technical setup: a tight bullish triangle after a short-term flush. Triangles typically precede a measured move; the projection here implies ~10% upside, placing XRP at around $2.04 — above the psychological $2 level. This setup favors a bullish short-term scenario if price breaks above the descending resistance (~$1.88) with volume. Historically, brief compression patterns near year-end have preceded rapid directional moves as liquidity thins and participants position for the new year. However, the recommendation is conditional: failure to hold the $1.84 support would invalidate the bullish thesis and likely produce a short-term bearish retracement to $1.80–$1.78. For traders, the immediate implications are (1) watch for a breakout or breakdown from the triangle on increased volume, (2) use tight stops below $1.84 if long, and (3) consider quick profit-taking near $2.00 if breakout occurs. Overall, this is a tactically bullish signal for short-term trading but not a guaranteed longer-term trend reversal.