May 31, 2026
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Ripple (XRP) Fails to Break $1.36... Enters Short-Term Box Range Amid 'Triangle Convergence,' What are the Future Variables? - CBC News

An analysis has emerged that Ripple (XRP) has entered a short-term box range trend after failing to break through $1.36, which was considered a key resistance l

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  • An analysis has emerged that Ripple (XRP) has entered a short-term box range trend after failing to break through $1.36, which was considered a key resistance l
Ripple (XRP) Fails to Break $1.36... Enters Short-Term Box Range Amid 'Triangle Convergence,' What are the Future Variables? - CBC News

An analysis has emerged that Ripple (XRP) has entered a short-term box range trend after failing to break through $1.36, which was considered a key resistance level. According to CoinDesk, XRP recently attempted an upward trend accompanied by an increase in trading volume, but its upward momentum slowed as it faced strong selling pressure around the $1.36 mark.

The market is paying close attention to the possibility of significant volatility ahead, as the price compression period lengthens. In particular, the triangle convergence pattern that has continued since early 2025 remains intact, drawing market focus. This is because, typically, a convergence phase where the price range gradually narrows is often followed by a strong, directional movement.

Currently, the $1.30 level is identified as acting as a key short-term support line. If this price level is maintained stably, there is a possibility of renewed attempts to break through the upper resistance. Conversely, there are also predictions that if the support line collapses, the downward correction could expand to the mid-$1.20 range.

On-chain trends are also drawing attention. This is because the amount of XRP held on exchanges has recently shown a declining trend. Typically, a decrease in exchange holdings is interpreted as an increase in external transfers for long-term holding purposes. In addition, analyses suggest that large-scale holders are maintaining their holdings or continuing to accumulate, rather than actively selling.

The market is on high alert for the possibility that Bitcoin's future direction, U.S. interest rate policies, and ETF fund flows will act as key variables determining XRP's volatility.

[※ This is an article partially assisted by AI. The information provided in this article is intended to convey general virtual asset-related news and does not constitute investment solicitation or financial advice. Virtual assets are subject to high price volatility, and any losses resulting from investments are the responsibility of the investor. Please ensure careful consideration and seek professional advice before making investment decisions. This publication does not bear legal or financial responsibility for the provided information.]