The price of XRP (XRP-USD) is getting squeezed into a tiny corner as it fights to break through a major wall. On Friday, XRP moved higher following a sudden burst of activity late in the day. Investors are now watching a very specific price range between $1.39 and $1.40 to see if the asset will finally blast off or fall back down. Because there are fewer buyers and sellers than usual, any move from here is likely to be very fast and very aggressive.
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XRP’s Price Fights a $1.40 Ceiling
XRP has spent the last several weeks trapped in a small space, and the pressure is building. Today, the price stayed in a narrow window between $1.37 and $1.39. Even though the movement was small, a sudden spike of 1.45 million in trading volume pushed the price right against the top of this range.
This kind of compression usually happens right before a giant move. If XRP can stay above $1.3950, it could quickly clear the way for much higher targets.
XRP Analysts Spot a Bull Flag Pattern
Chart experts are noticing several signs that suggest the next move will be upward. They are pointing to a bull flag and a falling wedge, which are shapes on a price chart that often appear before a massive rally.
If these patterns hold true, the price could jump past $1.47 and head straight for a zone between $1.60 and $1.73. New money flowing into XRP investment funds is also adding to the belief that a major shift is coming soon.
Liquidity Fuels a Potential XRP Breakout
One of the most important factors right now is that the market is very thin. This means there is not a lot of money sitting on exchange order books, particularly on platforms like Binance. When liquidity is thin, even a small amount of buying or selling can move the price a long way very quickly. Traders are keeping a close eye on the support floor at $1.3825. As long as the price stays above that level, the chance of a violent move toward $1.73 remains very high.
At the time of writing, XRP’s price is sitting at $1.39.
