The Bullish Formation

The chart provided by Scient shows XRP trading at $2.9471, sitting above the $2.8 zone, which has acted as a strong area of support following the large breakout earlier in 2025. Since reaching a new all-time high in July, the price has entered into a descending triangle consolidation.

While descending structures sometimes carry bearish risk, in this case, it appears to be forming as a bullish continuation setup due to its positioning above the breakout level.

The highlighted support zone reinforces this view. XRP has continued to maintain that level despite repeated declines and support tests, showing buyers remain in control. The compression within the pattern suggests a potential expansion in volatility, with the bias tilted upward given the preceding trend.

Key Levels to Monitor

A crucial point in the analysis is that XRP remains firmly above the multi-month accumulation range it broke out from earlier in the year. By holding above $2.8, which previously acted as a resistance zone, the market has effectively confirmed it as new support.

The significance of this setup lies in the clean market structure that has developed over time. XRP’s consolidation phase is occurring in alignment with bullish continuation principles. Scient’s assessment that the structure is among the strongest in the market highlights the potential for significant price expansion once the consolidation resolves.

If buyers continue to defend the resistance level, XRP could build the necessary momentum for another surge. A breakout above the descending resistance trendline would provide technical confirmation of renewed strength. Market watchers would then look for a push toward the higher levels established during the previous rally.