Ripple ($XRP P): Breakout Incoming? 🚀

Ripple is testing the upper boundary of a symmetrical triangle on the 4-hour timeframe,

a setup that often precedes a significant move. A confirmed breakout above this pattern could trigger a 20% rally,

putting higher targets firmly in sight.

Key Observations

Symmetrical Triangle: XRP is nearing the breakout zone,

with price compression signaling an imminent move.

Volume Spike: Watch for increased volume to validate the breakout.

Momentum Building: RSI and MACD are tilting bullish,

supporting upward continuation.

Targets on Breakout

If the breakout is confirmed, expect XRP to rally toward:

1. $2.70

2. $2.88

Bearish Scenario: Rejection at the triangle's upper boundary could lead to a pullback toward $2.40 or lower,

where strong support lies.

Trading Strategy

Wait for a clear breakout above the triangle with volume confirmation.

Use tight stop-losses just below the triangle to limit risk.

Consider scaling in as XRP breaks and retests each target.

Outlook: XRP is coiled for a potential breakout. A successful move could deliver rapid gains,

so stay vigilant and trade the setup with precision!

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