XRP dey eye symmetrically triangle breakout, dey set stage for major rally
XRP dey trade inside one narrow symmetrical triangle for the 4-hour chart, dey move between one rising trendline from June and one descending resistance line wey start for July. Analyst CryptoBull talk say the recent pullback to the $3.08–$3.10 confluence zone na retest of former resistance wey don turn support, one important step before any potential breakout. Past patterns show say if e break above the triangle resistance, e fit push XRP go previous highs about $3.65 or even higher levels wey long-term triangles mark. But if e drop under the rising trendline, e fit cause deeper fall go $2.70–$2.80. Traders suppose dey watch trading volumes plus the 200-day moving average wey still dey far under current prices to know how strong any breakout go be.
Bullish
XRP setup we get now dey show classic bullish continuation pattern: symmetrical triangle wey form afta strong rally dey usually resolve for the direction of the trend wey happen before. The recent retest for $3.08–$3.10, wey join with the rising trendline, dey clear say buyers dey confident and e show say support dey hold strong. Before now, similar consolidations, like the one wey carry July peak close to $3.65, dey end for upward breakout. If volume jump high as e go pass the descending resistance, traders fit see quick gains short term. For long term, the multi-year triangle wey analysts talk about point to possible upside targets wey pass $10, dem dey reinforce bullish outlook.