XRP Encounters Multiple False Breakouts as Price Narrows Towards Triangle Apex

Market Confusion: XRP is experiencing fake breakouts within a contracting triangle, leading to confusion among leveraged and spot traders, as price action remains trapped and fails to maintain key levels.

Whale Activity and Indicators: Large holders have sold over 460 million XRP tokens recently, while sub-indicators show early signs of upward pressure, despite a drop in options activity and mixed long-short ratios among traders.

Key Price Levels: A decisive price movement is anticipated as XRP approaches the triangle's apex, with critical levels at $2.24 for upward momentum and $2.10 for potential downward movement.

Historical Context: The current market structure resembles a three-month cooling period similar to the 2017 setup, with significant levels to watch including the three-month 20-EMA near $1.20, which must hold for bullish sentiment.