On its chart, the price of XRP is displaying another triangular formation that might signal an upcoming rally. The fact that this triangular pattern produced a big rally seven years ago is one of its key features; if history repeats itself, XRP might be in for a bullish wave.

Triangle Formation in XRP Indicates Bullish Progression

Crypto analyst TradingShot noted that the price of XRP is observing another triangle formation in a study on TradingView. This pattern is the result of several signs coming together, all of which have become bullish at this time.