$XRP On the XRP/USDT chart, the pattern formed is an ascending triangle. This is a popular continuation pattern in technical analysis, with the following key characteristics:

• Horizontal resistance line: At the price level of about 2.42 USDT, where the price has repeatedly touched and been rejected before breaking through.

• Upward sloping support line: The price is creating higher lows consistently, indicating increased buying pressure.

Meaning of the pattern:

• When the price breaks through the horizontal resistance line with increased trading volume, it confirms the continuation of the uptrend.

• After the breakout, the price target can be calculated by the height of the triangle, applied from the breakout point.

In this case, the breakout has occurred, indicating very strong upward momentum.