Crypto analyst Cryptoinsightuk recently shared a chart suggesting XRP may be approaching a pivotal moment. In his post, he asked, “Will today be that day, XRP?” accompanied by a daily chart that outlines the asset’s current positioning. The chart highlights the token’s struggle to break out of a downward trend while holding above a major support level, forming a descending triangle . His post reflects the community’s growing interest in whether XRP’s momentum can shift after weeks of pressure. Will today be that day, $XRP pic.twitter.com/NoR1vkEwTJ — Cryptoinsightuk (@Cryptoinsightuk) September 7, 2025 XRP’s Recent Performance XRP has experienced a steady decline since it reached its all-time high in mid-July . This gradual decline accelerated in late August, with a series of downturns that pushed the asset below the psychological $3 support. Although this decline was not a total collapse, it marked a significant pullback from earlier highs, confirming a consolidation phase. In early September, the digital asset found some stability as prices hovered between $2.80 and $2.90. This range has become a testing ground for bulls and bears, with neither side yet able to establish dominance. The Chart Structure The chart shared by Cryptoinsightuk shows XRP trading below a descending resistance line, created by a series of lower highs stretching across August and early September . Despite repeated attempts, XRP has been unable to break through this line, keeping the broader trend negative. However, support has held above $2.72, a level marked on the chart as a critical floor. The relative strength index (RSI) also sits in the mid-40s, suggesting that XRP is neither oversold nor overbought, leaving room for momentum to swing in either direction. Where’s XRP Going Next? The current setup presents a pivotal scenario. A breakout above the descending resistance line near $2.9 could signal the start of a reversal, allowing XRP to retest the $3.1 to $3.2 range. This would represent the first meaningful challenge to the downtrend since late July. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The asset retested the $2.9 level earlier today but was rejected. It is currently trading at $2.89, up 3.38% over the past 24 hours, and gearing up for another breakout attempt. Analysts and traders are closely watching for confirmation of direction. As Cryptoinsightuk implied, the market is waiting to see if today could be the turning point and the end of the consolidation phase . Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Will Today Be That Day for XRP? Top Analyst Answers appeared first on Times Tabloid .
