For weeks, XRP has been winding into a tightening technical formation on the 4-hour chart, and that pattern is now arriving at its final stage.
Prominent crypto analyst Crypto Michael (@MichaelXBT) shared a chart on October 29 featuring a straightforward prediction: “XRP triangle will break within 1 week.”
The Structure Taking Shape
The timeframe of the chart spans from mid-August through early November. The boundaries of the pattern consist of a descending upper trendline that links a high near $1.65 from the surge in late September down to current pricing.
Every upward move has resulted in a lower high. Meanwhile, a flat horizontal support zone has remained steady around $1.25-$1.26, having been tested several times without failing. Combined, these boundaries form a descending triangle, and XRP is presently trapped at the apex where both lines meet.
XRP triangle will break within 1 week
I hope you’re ready pic.twitter.com/C1aIh58jvq
— Crypto Michael (@MichaelXBT) October 29, 2026
Where XRP Sits Right Now
At the time of the post, XRP traded at $1.2880, hovering just a few cents above the horizontal support base. The downward-sloping resistance line rests immediately overhead near $1.29-$1.30. The distance between support and resistance has compressed to its narrowest point across the entire formation.
This type of squeeze generally precedes a sharp breakout. As prices reach the apex, trading volume typically declines while the trading range contracts, requiring a catalyst or consistent buying and selling pressure to force a decision.
Crypto Michael’s one-week timeline points to a resolution no later than early November, which matches the apex shown on the chart. The cryptocurrency cannot stay squeezed inside these converging trendlines forever, and the geometry of the setup supports that timeframe.
What Comes Next?
Alongside his chart, Crypto Michael wrote “I hope you’re ready,” indicating he believes a decisive move is imminent. Although his chart does not project a specific price target, the formation outlines two distinct possibilities.
A bullish breakout past the descending trendline requires XRP to surpass $1.30 and maintain that level. The next substantial resistance overhead lies between $1.48 and $1.50, a zone that acted as support during consolidation in late September. Beyond that are the $1.65 and $1.68 marks, which represent the asset’s peak following the breakout in August.
Conversely, a breakdown beneath the $1.25 support level would clear the way for further declines. Because that horizontal boundary has absorbed selling pressure repeatedly, a confirmed daily close underneath it holds technical importance. Market participants are monitoring $1.30 on the upside and $1.25 on the downside to determine the next major direction.