Swings between Ascending Triangle and Key Support: Has a Trend Reversal Already Begun?

Ripple is attracting increasing attention after signs of a change in price patterns emerged.

The currency is currently trading around $2.50, up 2% in the past 24 hours and 9% on the week, and analysts are monitoring whether this shift will continue into December.

ChartNerd analysis shows that Ripple completed a descending triangle pattern in late October, with a breakout pushing the price toward the $2.00-$2.20 area before beginning to form an ascending triangle with resistance peaking around $2.70.

Price is currently approaching the upper boundary of the pattern, which could open the door for new breakout attempts.

The cup-and-handle pattern that formed between January and July 2025 is also continuing to develop, having previously suggested that prices could reach $5 if upward support holds.

Analyst Ali Martinez showed a chart showing Ripple trading within a descending channel on the four-hour frame, with potential support at $2.00.

He warned that a fall below $2.30 could push prices back into that area, which has seen a rebound in recent weeks.

At the dominant level, analyst “CRYPTOWZRD” sees signs of recovery following a break above the downtrend line and the 50-day simple moving average (a pattern seen before the last rally).

But analysts stressed that momentum is needed to continue the trend, as a drop below penetration levels could indicate that the reversal is not yet complete.

On the other hand, the first exchange-traded fund (ETF) focused on 100% exposure to Ripple began trading on the Nasdaq market on November 13, 2025, after final approval was completed.

The fund is likely to attract new institutional inflows, but reports suggest large traders in the currency sold some of their positions during the rally, which could create short-term pressures due to new supply and demand overlap.

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