According to CryptoPotato, Ripple’s price trend has been exhibiting a sideways triangle pattern over the past few months, and the recent price rise to the key resistance area on the upper border of the triangle indicates that a breakthrough is about to occur, which will have a decisive impact on Ripple’s future trend. Looking at the daily chart, Ripple’s price has risen significantly and is approaching the key resistance area represented by the dynamic upper boundary of the triangle. Amid the current market sentiment and optimistic expectations in the cryptocurrency industry, it is expected to see the price of Ripple break through the upper boundary of the triangle, triggering a bullish move targeting the important resistance level of $0.8. However, traders need to be aware that price rejection can lead to increased market volatility and sideways consolidation. Looking at the 4-hour chart, after the volatility around $0.53 intensified, the price rose significantly and encountered resistance near $0.6. This resistance zone coincides with dynamic resistance spanning a multi-month downtrend line, indicating significant selling pressure. Nonetheless, Ripple’s price remains capped by a dynamic ascending trendline and significant resistance at $0.6, suggesting a possible prolonged consolidation within the key range until a breakout occurs. If the price suddenly breaks above the downtrend line and the $0.6 threshold, market attention will turn to the $0.8 resistance level as the next focus for Ripple price action.

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