{"id":23515,"date":"2026-03-10T06:44:18","date_gmt":"2026-03-10T06:44:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-eyes-symmetrical-triangle-breakout-as-stablecoin-supply-jumps\/"},"modified":"2026-03-10T06:44:27","modified_gmt":"2026-03-10T06:44:27","slug":"xrp-price-eyes-symmetrical-triangle-breakout-as-stablecoin-supply-jumps","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-eyes-symmetrical-triangle-breakout-as-stablecoin-supply-jumps\/","title":{"rendered":"XRP price eyes symmetrical triangle breakout as stablecoin supply jumps"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price is on the cusp of a breakout from a symmetrical triangle pattern that could potentially lead to sustained gains.\u00a0<\/p>\n<div id=\"cn-block-summary-block_0dd8f92abeaad2bc806079f5986d08b6\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP price is close to confirming a bullish breakout from a symmetrical triangle pattern on the daily chart.<\/li>\n<li>Stablecoin supply on the network has surged over the past week.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news XRP (XRP) price rose nearly 4% to an intraday high of $1.39 on March 10, Asian time.<\/p>\n<p>The rebound followed after the token fell nearly 8% to $1.34 from its weekly high of $1.46 led by a Bitcoin (BTC) correction amid rising inflation fears on surging oil prices and escalating geopolitical tensions in the Middle East.\u00a0<\/p>\n<h1 class=\"wp-block-heading\">XRP price targets bullish breakout\u00a0<\/h1>\n<p>Now, with XRP price recovering, it is drawing closer to a potential breakout from a multi-month symmetrical triangle pattern formed on the daily chart.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XRP price is close to confirming a bullish breakout from a symmetrical triangle pattern on the daily chart \u2014 March 10 | Source: crypto.news<\/figcaption><\/figure>\n<p>For context, a symmetrical triangle pattern is formed when an asset\u2019s price moves between two converging trendlines that connect a series of sequential peaks and troughs. Typically, a breakout from the upper side of the pattern has been bullish for the asset, while a drop below the lower trendline indicates a bearish trend.\u00a0<\/p>\n<p>In XRP\u2019s case, the breakout is occurring from the upper side and hence presents a bullish outlook for the token in the coming sessions.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>At press time, momentum indicators like the MACD and RSI are also suggesting that a strong recovery is underway. The MACD line was pointed upwards, while the RSI had formed a bullish divergence with XRP\u2019s recent price action, suggesting that selling pressure is cooling off.\u00a0<\/p>\n<p>For now, the 23.6% Fibonacci retracement level at $1.42 stands as the key resistance zone that traders would be keeping an eye on.<\/p>\n<p>Breaking out from this level could potentially trigger a rally to $2.06, a target calculated by adding the height of the symmetrical triangle pattern formed to the price point at which the breakout would be confirmed. The target lies nearly 50% from the current price of $1.38.\u00a0<\/p>\n<p>A major catalyst that could support its gains is the growing stablecoin supply on the XRPL network. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/xrpl?chainRevenue=true&amp;groupBy=weekly&amp;stablecoinsMcap=true\" target=\"_blank\" rel=\"nofollow\">Data<\/a> from DeFiLama show that the total stablecoin supply on the network has gone up 2.5% over the past 7 days to $426 million.\u00a0<\/p>\n<p>A greater supply means more liquidity and trading activity on the network, and investors often see such growth as a sign of increasing demand for the underlying ecosystem.\u00a0<\/p>\n<p>However, some caution is warranted as institutional demand for the altcoin has slowed. Notably, U.S. spot XRP ETFs recorded <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-xrp-spot\" target=\"_blank\" rel=\"nofollow\">$22 million<\/a> in net outflows over the past two weeks, breaking a four-week inflow streak.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price is on the cusp of a breakout from a symmetrical triangle pattern that could potentially lead to sustained gains.\u00a0 Summary XRP price is close to confirming a bullish&hellip;<\/p>\n","protected":false},"author":1,"featured_media":23516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=23515"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23515\/revisions"}],"predecessor-version":[{"id":23517,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23515\/revisions\/23517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/23516"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=23515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=23515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=23515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}