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XRP Price Nears Big Move as Triangle Pattern Signals Breakout

cryptonewsland.com

20 hour ago

XRP Price Nears Big Move as Triangle Pattern Signals Breakout

XRP is consolidating between $2.50 and $2.60, and a breakout is coming in the next few days. If price breaks above $2.60, it could rally toward $3.00, but falling under $2.50 could send it to $2.40 or lower. Market sentiment is mixed as Bitcoin holds strong, and traders are waiting for a volume spike to confirm the direction. XRP is at a critical point, trading at $2.54901 on the 4-hour timeframe with price action forming a symmetrical triangle. The pattern suggests that a breakout is imminent, with only a few days left before XRP decides its next major move. The token faces strong resistance near $2.60, while support holds at $2.50, creating a narrow consolidation range. With volatility tightening, traders are closely watching for confirmation on whether the breakout will be bullish or bearish. ➡️ $BOME / USDT ⏳ Technical Analysis:BOME has formed a double rounded bottom pattern, signaling potential reversal from a long downtrend. The price is currently at the lower boundary of a descending channel, making this a high-reward accumulation zone for mid-to-long-term… pic.twitter.com/faeGcXWG0s — Rose Premium Signals 🌹 (@VipRoseTr) February 22, 2025 Symmetrical Triangle Signals Volatility Ahead The symmetrical triangle formation on XRP’s chart shows that compression has occurred in the price movement; this implies that there will soon be a huge volatility wave. Generally, this pattern produces a sharp breakout, and traders look for prices exceeding resistance at $2.60 to confirm bullishness. If XRP crosses this level, it might test $2.80 and reach as far as $3.00. However, if the bears take control, the price will fall through $2.50 and potentially drop to around $2.40, or even below at $2.20. Market Sentiment and Bitcoin Correlation XRP’s price movement is being closely watched alongside Bitcoin (BTC), which remains stable. Some traders argue that as long as BTC holds strong, XRP has a higher chance of breaking to the upside. The market sentiment remains mixed, with some expecting XRP to push higher, while others anticipate a breakdown. With 9.4K views on the discussion post and various opinions circulating, traders prepare for high volatility as the breakout approaches. With the almost complete symmetrical triangle, XRP will likely begin a decisive movement in the next few days. A breakout above $2.60 could see XRP rally toward $3.00. Any rejection may find the XRP price revisiting $2.40 or lower. Volume should be the confirmation for the breakout direction that traders are looking for. Momentum has tightened, marking a make-or-break for XRP—one that could define the short-term trend.

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