Market analyst Mikybull suggests that XRP is showing a promising technical setup with a long-term symmetrical triangle pattern forming on the 2-month chart. The Williams Percentage Range indicator is approaching historically overbought conditions, indicating a potential price rally. A similar symmetrical triangle pattern in the past led to a massive price increase of over 60,000%. The current pattern suggests a strong upward move is possible, potentially pushing XRP towards previous all-time highs or even higher. The bullish macro setup and the potential breakout make the price outlook for XRP positive in the long term. However, it is important to be aware that symmetrical triangles can break in either direction.



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