XRP Finally Coils for Breakout

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. After a brutal sell-off earlier in the year, XRP has spent the last quarter tightly consolidating Advertisement Hence, some analysts believe that a violent, volatile move is essentially imminent. Prominent cryptocurrency analyst "Dom" (@traderview2) has said that XRP has been "going sideways for nearly 3 months now." HOT Stories Saylor Just Said the Unthinkable Shiba Inu (SHIB) Finally Waking Up, Hyperliquid (HYPE) $50 Cycle Begins, XRP Dwarfed by Memes, High-Risk Assets: Crypto Market Review $XRP has been going sideways for nearly 3 months now Something's gonna snap soon Acceptance over ~$1.47 and a large move can be on the horizon Just need a little bull action to trigger it, which will happen if bitcoin:native can pull off this breakout pic.twitter.com/5KfQhoMAV3 — Dom (@traderview2) May 6, 2026 According to the analyst, a decisive market acceptance above the $1.47 level could trigger a rapid upward surge (provided Bitcoin (BTC) can actually supply the necessary bullish momentum for this to happen). Advertisement A coiled wedge The 12-hour Binance chart shown by the analyst illustrates a textbook consolidation pattern. After a massive capitulation wick down to the $1.10 region in early February, XRP has established a sequence of higher lows. This is visually represented by the yellow ascending trendline acting as dynamic support. You Might Also Like Wed, 04/01/2026 - 14:21 XRP Price Ends Q1 With Biggest Loss Since 2018 By Caroline Amosun Advertisement The lows are getting higher, but the upside has been repeatedly capped. This has forced the price into a tight, coiled wedge. As Dom noted, "something's gonna snap soon" as the price runs out of room to consolidate. The chart features a prominent orange descending line, likely a long-term Volume Weighted Average Price (VWAP) or similar moving average. For months, this line has acted as heavy dynamic resistance, pushing the price downward. However, the current price action (hovering around $1.416) is finally converging with this line. The immediate hurdle for XRP bulls is sitting roughly in the $1.45 to $1.47 range. This zone has rejected multiple breakout attempts since February. #XRP Price Prediction #Ripple News #XRP News