XRP is at a pivotal moment, potentially on the verge of a major price shift.
It has been in a symmetrical triangle pattern since reaching $0.95 in July 2023.
The bullish momentum that started in 2022 waned over the latter part of that year.
XRP finds itself at a pivotal moment, theoretically days away from a major price breakout or breakdown. The cryptocurrency has formed a symmetrical triangle pattern on its chart as buyers and sellers fight for control.
XRP has been confined to the triangle structure since its surge to 2023 highs of $0.95 this past July. That rally also represented a bullish break from years-long horizontal resistance. But upside momentum faded over the second half of 2022.
XRP struggles to regain ground
The token’s struggle to regain ground has formed a symmetrical triangle via a rising support trendline and descending upper resistance. As the pattern reaches its apex point, analysts expect an explosive move outside the formation.
Triangles typically resolve in th
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