According to CryptoPotato, Ripple's price has successfully broken above the upper trendline of a multi-month triangle pattern after a notable surge, indicating a bullish signal. However, the recent retracement suggests a potential pullback to the broken level. A detailed analysis of the daily chart highlights Ripple's surge as it surpassed a crucial resistance area represented by the dynamic upper boundary of the triangle pattern, reaching a significant resistance level at $0.74. This breakout underscores the presence of buyers in the market. However, the price encountered a notable rejection near the $0.74 resistance, leading to a consolidation correction stage toward the triangle's broken threshold.
Ripple's Price Breaks Upper Trendline, Signaling Bullish Potential
![](https://public.bnbstatic.com/image/pgc/202403/cb88335429bb6dd05bcae75501998263.png)
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