In a recent video, More Crypto Online discussed how XRP is moving sideways amidst a broader sideways correction. He highlighted the possibility of a breakout, which is driven by a triangle pattern, perhaps signaling a bullish reversal.

As this series of events unfolds, traders and investors are watching the market closely and wondering whether XRP will break through key levels or remain in a correction phase.

XRP’s sideways trend and triangle pattern

XRP has been in a sideways correction since the beginning of July. According to More Crypto Online, this movement indicates the existence of an ABC pattern, with the B wave possibly forming a triangle. XRP has tested the support area several times and has a chance to rise to the $0.80 to $0.90 range.

The triangle pattern shows that consolidation is likely to occur before any major moves. A breakout of the triangle could signal a bullish trend, pushing XRP towards higher price targets.

Market conditions and recent price trends

More Crypto Online mentioned that XRP's price trend has remained basically sideways for more than a year, with very few sharp fluctuations. Although there have been short-term increases, the overall trend is corrective. This long-term correction has limited any strong bullish trend and kept XRP trading in a narrow range.

However, More Crypto Online suggests that the completion of the current triangle formation could trigger an upside breakout if support and key resistance levels are breached.

Key Levels for XRP’s Potential Breakout

The analyst added that for XRP to continue to rise, it needs to stay above the $0.52 support level. If it can do this, XRP may reach the key resistance levels of $0.60, $0.63, and $0.66.

Moreover, if it can break through these prices, it may rise to around $0.86. But if the price of XRP falls below the $0.52 support, it may fall below $0.50. This means that it is unlikely to rise again and any further gains will be delayed.