The XRP price today is up marginally by 0.59% to $1.38 in the past 24 hours. The current price action is largely influenced by the overall crypto market direction rather than its own fundamentals. The token has been consolidating within a narrow range, and at the same time, the leverage has been flushed out. This indicates resilience, pointing towards a reset phase, where a cleaner and potentially stronger directional move could unfold.
Leverage Reset Signals a Clean Setup, But Participation Remains Low
The estimated leverage ratio has dropped sharply from peaks above 0.55–0.60 in mid-2025 to around 0.15 currently. This marks a significant flush of excessive speculative positions. Historically, such elevated levels have coincided with local tops, followed by sharp corrections as overleveraged positions unwind. The current decline suggests the market has transitioned into a cleaner phase, with reduced risk of forced liquidations.
However, this reset also reflects low participation, as leverage continues to hover near cycle lows. At the same time, the XRP price has stabilized around the $1.2–$1.3 range, indicating that selling pressure has eased, but strong buying momentum is yet to return. This divergence highlights a critical phase where the market is no longer overheated but also lacks the fuel required for an immediate breakout.
XRP Forms Ascending Triangle as Momentum Builds Toward Key Resistance
XRP is currently consolidating within an ascending triangle, with higher lows forming from the $1.10–$1.20 region and resistance clustered around $1.42–$1.45. This structure reflects gradual buying pressure, even as price struggles to break above the horizontal barrier. A descending trendline from previous highs continues to cap upside, reinforcing this zone as a critical breakout level.
On the indicator side, RSI is trending upward near 50–52, signaling improving momentum, while OBV remains relatively flat, suggesting that strong accumulation is yet to confirm the move. This creates a mixed setup—the price structure is constructive, but participation remains limited. A sustained move above $1.45 could trigger a breakout toward $1.60–$1.70, while rejection may push the price back toward the $1.25–$1.30 support zone.
What’s Next for XRP Price—Can it Make it to $2?
XRP price is currently in a cleaner market structure after the leverage flush, with excessive speculation removed and price holding steady near the $1.35–$1.40 range. At the same time, the formation of an ascending triangle reflects growing bullish pressure, as buyers continue to step in at higher levels.
The entire bullish case depends on a decisive breakout above $1.45. If this level is reclaimed with strength, XRP could quickly expand toward $1.60–$1.70, opening the path toward the $2 mark.
On the flip side, failure to break out keeps XRP trapped in consolidation, delaying any meaningful rally. A move toward $2 is possible only if resistance breaks. Until then, this remains a setup, not a breakout.