While the Ripple (XRP) price has attracted attention with its horizontal triangle movement that has been continuing for months, there is an increase towards the critical resistance zone at the upper border of the triangle. This development shows that an important break that will determine Ripple's future direction is approaching.📈🔜
Examining the daily chart, XRP is expected to break the upper border of the triangle and initiate a bull rally targeting the $0.8 resistance level. However, it should not be forgotten that in case of rejection, market volatility may increase and horizontal consolidation may occur.
On the 4-hour chart, it can be seen that the price increased significantly after volatility at $0.53 and reached the resistance zone of $0.6. If the $0.6 threshold is breached, the next target for XRP's price will be the $0.8 resistance level.