$XRP

XRP Price Analysis: Waiting for a Breakthrough in the Triangle, Direction Soon to be Clear!

Brothers, XRP has recently been acting like a cryptocurrency that is “pondering life,” oscillating up and down within a symmetrical triangle pattern, with both sides waiting for a key breakthrough point.

Current Situation: Stalemate Between Bulls and Bears, No One Wins

The 20-day moving average ($2.25) is moving sideways, and the RSI is stuck near the midpoint, indicating a neutral market sentiment.

The divergence between bulls and bears is becoming smaller, waiting for a directional choice.

Bullish Roadmap: Challenge the Resistance Line

If XRP can hold above the 20-day moving average, the upper boundary of the triangle (resistance line) will become the next target.

After breaking the resistance line, XRP may usher in a new wave of increases, which is worth looking forward to.

Bearish Plan: Target the Support Line

Once the price falls below the 20-day moving average, bears may take the opportunity to push the price down to the lower boundary of the triangle (support line).

If it breaks below the support line, the downtrend may accelerate, signaling victory for the bears.

XRP is currently silently “gathering strength” within the triangle; a breakout above is bullish, while a breakdown below is bearish.