Crypto Michael says $XRP triangle pattern will break within 1 week

XRP has been consolidating within a narrowing technical formation on the 4-hour chart, with market participants watching for a potential breakout as the pattern approaches its endpoint. The consolidation has developed since mid-August, marked by a descending upper trendline that connects a high near $1.65 from late September to current price levels. This trendline reflects consistent lower highs over the past several weeks. Meanwhile, horizontal support has held firm around the $1.25 to $1.26 range, absorbing several tests but never breaking down. The interaction of these two lines forms a descending triangle, with XRP now compressed at the apex as the lines converge tightly. Widely followed crypto analyst Crypto Michael (@MichaelXBT) drew attention to this setup in a chart posted on October 29.

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