[DigitalToday reporter Yoonseo Lee] XRP is trading near the tip of a symmetrical triangle, leaving it at a crossroads between an upside breakout and a drop into the $0.70 range.

On July 10 local time, blockchain outlet The Crypto Basic reported that XRP is trading at around $1.08. Last week’s high was $1.1638, but it later pulled back and is down about 5 percent on the week. Market attention is focused less on simple volatility and more on whether this zone could become the starting point for a trend reversal or further declines.

The key on the chart is that Fibonacci retracement levels and the symmetrical triangle structure are overlapping at the same time. XRP has tested key support and resistance levels in the retracement zone based on a cycle low of $0.3814 and a cycle high of $3.6662. The current price is just above $0.9980, the 18.75 percent retracement level, and the next major support below is $0.7925, the 12.50 percent level. If this area breaks, it opens the possibility of returning toward price levels close to the starting point of the previous bull market.

On the upside, resistance is also clear. The $1.4626 level, the 33 percent retracement, was once an important support level but has not been recovered since breaking below it. The 50 percent retracement at $2.0256 blocked a rebound attempt in January 2026. The 61.80 percent level at $2.4136 and the 66 percent level at $2.5437 also acted as resistance during a long-term top formation phase near the July 2025 peak.

The overall structure of the weekly chart is a symmetrical triangle. The upper trendline extends from the $3.6662 high and connects a series of lower highs, while the lower trendline has served as support since 2024. As the two trendlines push price toward the tip of the triangle, XRP is effectively left with only a directional choice.

If an upside breakout occurs, XRP could first retest $1.4626. It could then open the way to $2.0256 and further toward the $2.40 to $3.00 range. If the lower trendline breaks, it would lose nearby technical support, raising the possibility of sliding to around $0.70, in line with the $0.7925 Fibonacci zone.

Trading volume is also cited as an important variable. When XRP rebounded from an early-2025 low, it formed a "steep V-shaped rebound" on the back of strong buying. After the July 2025 peak, however, the price fell alongside heavy selling. That showed the price was not pushed down in thin trading, but in a market where sellers held the upper hand.

More recently, volume has also gradually declined as the downtrend continued. That suggests selling pressure may have started to weaken. It was also noted that "weak selling alone does not confirm a reversal." That means buying interest needs to return in a meaningful way for a trend reversal to follow.

Current weekly volume was presented as being similar to the quiet trading period of June 2025. At that time, it was just before a major price move emerged. As a result, the XRP market is increasingly likely to react more sensitively to which side of the triangle breaks or is breached first than to the price level itself.