XRP’s 7-year triangle pattern signals a possible major breakout soon.
Key resistance at $0.80 could trigger an XRP surge to $1.30 or higher.
Weekly chart indicates $0.65 as a pivotal resistance level.
XRP is at a pivotal point, signaling a potential major price shift according to Tony Edward, Founder of ThinkCryptoPod. Analyst CrediBULL Crypto observed XRP has been consolidating within a symmetrical triangle formation on its long-term chart for nearly seven years.
This pattern, characterized by tightening price movements, hints at an impending significant breakout. The bullish potential is palpable, as this consolidation phase could soon lead to a dramatic shift in XRP’s price trajectory.
Read also: XRP Price Analysis: RSI Breakout Hints at Potential Surge, Analyst Says
Haters gonna hate but the charts showing positive signs for $XRP 
https://t.co/IndUT76tly
— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) September 17, 2024
On the monthly chart, XRP’s price action has been confined within a triangle, showcasing periods of lower highs and higher lows. This pattern is not just a sign of consolidation but a precursor to a major price movem…
The post XRP Nears Breakout: 7-Year Triangle Formation Signals Potential Surge appeared first on Coin Edition.
