XRP Perfect Triangle Dey Signal 14% Bounce Pass $3
XRP price don form textbook symmetrical triangle for 4-hour chart since July, with support for $2.78. Bears dey control the triangle setup now, dem dey test the lower trendline. If $2.78 hold, XRP price fit bounce 14% as e breakout go $3.20 resistance level. If e break below dis support, e go invalid the triangle and risk slide go $2.50. Traders gats watch dis key support and resistance levels for maybe entry and risk management.
Bullish
Symmetrical triangle pattern dem usually show say consolidation dey before directional breakout. For XRP case, di formation wey dey for 4-hour chart dey suggest say sellers don tire for $2.78 support level. If e hold well and breakout happen, e fit trigger short-term bullish rally of about 14% go reach $3.20 as traders enter long positions near di triangle base. Historically, XRP don dey respond to di kind setups like dis with quick upward moves, driven by fresh buying pressure for key support levels. For longer term, if di triangle’s lower trendline hold, e go reinforce bullish sentiment and set di stage for higher resistance tests. So, di outlook remain bullish, depending on $2.78 support to hold.