Over the past week, XRP has undergone a significant correction, aligning with the overall market trend. However, recent developments on the XRP price chart have brought optimism to altcoin holders. A breakout towards $2.90 has been observed, reminiscent of a previous pattern that led to a 350% surge. The current descending triangle formation hints at a potential upward movement, supported by the Money Flow Index indicating buying pressure. While XRP has been consolidating between $2.20 and $2.72, a breakthrough above $2.90 could lead to a 43.53% increase towards $3.20. It is crucial to monitor the buying pressure to determine if this upward trend will continue. This analysis serves as informational content and not financial advice, urging readers to conduct their own research and seek professional guidance before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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