CandleFocus Top Economist Says XRP Has Not Yet Broken 6-Year Long Symmetrical Triangle
2024-09-30
Author: Content Editor
XRP has been trading within multiple symmetrical triangle patterns over the past few years. Notable economist Market Maestro believes that XRP is still consolidating within a six-year triangle and cautions against expecting a breakout. On the other hand, analyst Mikybull sees a breakout from a three-year triangle pattern and predicts an "explosive rally" for XRP, potentially pushing its price to $10-20. XForceGlobal also supports the idea of a breakout and foresees a sharp price increase if XRP holds above a certain level for a few more weeks. CryptoBusy confirms a breakout from a symmetrical triangle and notes a short-term rally for XRP. However, the token's price has cooled off and currently sits at $0.6466. The $0.60 psychological level is seen as pivotal for sustained upward movement.
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