- XRP’s breakout could trigger a massive 16% price surge soon.
- Triangle formation hints at explosive movement for XRP’s next move.
- Traders eagerly await XRP’s breakout, targeting a potential 16% rise.
XRP traders are gearing up for a potential explosive move as the cryptocurrency trades within a critical triangle formation. According to Ali Martinez (@ali_charts), XRP is consolidating inside a symmetrical triangle on the 4-hour chart, and a breakout could lead to a staggering 16% price surge.
Currently, XRP is fluctuating between $2.06 and $2.14, forming a triangle pattern. As the price moves within this confined range, traders are closely watching for signs of a breakout. Symmetrical triangles typically indicate a period of consolidation before a sharp price move, either upwards or downwards. The breakout from this pattern could result in significant volatility, and according to the expert, a potential 16% price change could be on the horizon.
A 16% Surge Could Be Just Around the Corner
The symmetrical triangle is known for setting up major price moves when the price finally breaks out. With XRP stuck between key resistance and support levels, the coming days could see the cryptocurrency break out of the triangle’s boundaries. A breakout to the upside would likely see XRP surging above the $2.14 mark, pushing the price higher, while a downside breakout could pull it toward lower levels.
Also Read: Binance Co-CEO’s WeChat Hacked for $55K in Token Scam: How It Happened!
As the price tightens within the triangle, the pressure is building for a major move. The 16% surge mentioned by the expert could be the result of such a breakout, although the direction remains uncertain. For traders, the key will be spotting the breakout with increased volume, a typical sign of a strong move.
XRP has held a relatively stable range in recent days, but the triangle formation suggests that change is on the way. Market participants are eagerly awaiting any signs of a breakout, as a move in either direction could set the tone for XRP’s next significant price shift.
Whether it’s a bullish or bearish breakout, the implications are clear: a major shift is coming for XRP. Traders are keeping a close eye on the symmetrical triangle, knowing that the next few days could bring massive price action. The 16% price move could be the first step toward a new chapter in XRP’s market story.
Also Read: Egrag Crypto Says XRP Bifrost Bridge Pattern Still Intact – Here’s What Comes Next
