XRP Triangle Pattern Tightens: Bulls vs. Bears Clash at $3 — What’s Next for Price Action?

XRP trades between $2.87 support and $2.99 resistance, forming a tight symmetrical triangle.

A breakout above $2.99 could fuel a rally toward $4.13, per Ripple Bull Winkle’s analysis.

Liquidation heatmap shows dense short interest above $3.20 and long risk zones below $2.80.

XRP is entering a critical breakout phase, with price compressing inside a triangle pattern between rising support and falling resistance. The $3.00 mark now stands as a pressure point for a potential breakout.

Triangle Pattern Squeeze Nearing Resolution

According to crypto analyst Ripple Bull Winkle on X, XRP is locked in a symmetrical triangle, with price narrowing between $2.87 support and $2.99 resistance. This setup typically leads to sharp breakouts once price escapes the tightening range.

Source Ripple Bull Winkle Via X

The triangle has been forming since mid-July, showing lower highs and higher lows—a textbook sign of market indecision. On the daily chart, XRP is showing signs of compression, like a spring winding up for release

The pattern is now near its apex, meaning a major move is likely imminent.Bull Winkle projects breakout targets at $4.13 on the upside and $1.93 if bears take control

A break and close above the $2.99 resistance would likely confirm a bullish move, especially if backed by a volume surge. On the flip side, losing the $2.87 support could trigger a sharp selloff.

Liquidation Zones Hint at Explosive Volatility

Data from Coinglass’ liquidation heatmap provides key insight into market risk. A dense cluster of short liquidation zones lies above $3.20 to $3.40. A breakout above this level could ignite a short squeeze, accelerating gains as short positions are forced to close.

Source Tom Tucker Via X

Conversely, below $2.80, long traders face heavy risk. The heatmap shows large long liquidation zones between $2.80 and $2.60. If support cracks, cascading liquidations could deepen a price drop.

The heaviest trading activity is between $2.85 and $3.00, creating a zone of heavy resistance and support. This will likely act as the battleground where bulls and bears decide XRP’s next major trend.

All Eyes on $3.00 – The Tipping Point

XRP is currently testing the psychological and technical barrier of $3.00, a close above this level could unleash momentum toward $3.20–$3.40 and beyond.If bulls fail to defend this zone, a $500 million long squeeze could pull XRP down to $2.89 or lower, as highlighted in recent liquidation analysis.

The triangle structure, declining volume, and liquidation hotspots all suggest that XRP is on the brink of a high-volatility breakout. Traders are watching closely for a decisive candle backed by volume to confirm direction.

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