XRP on the Edge of Breakout: Analyst Says the Macro Degree Will Melt Faces

XRP is approaching a key moment in its price structure, as the daily chart reveals a highly compressed setup. Price has been trading within a tightening symmetrical triangle for several weeks, and now, attention has turned to the Relative Strength Index (RSI), which shows a significant breakdown below a key trendline.

Crypto analyst CasiTrades (@CasiTrades), who has been tracking this setup, highlights the importance of the RSI’s breakdown, calling it a clear signal that pressure is building. At the time of her analysis, XRP traded at $2.14.

Meanwhile, momentum indicators, particularly the daily RSI, have formed a descending triangle, which has now broken to the downside. This move in the RSI often precedes corresponding price action, making it a critical leading indicator.