XRP Breakout: Could It Skyrocket To $100? Analysts Share Their Predictions

Crypto market participants are paying attention to XRP. There has been a continuous bounce between trend lines, forming what analysts call a symmetrical triangle pattern. As a result of a pattern traced as far back as 2018, this digital asset could be set for a big move — but how?

From eagle-eyed market sentinels who predict that XRP may soon break out to those who are walking on eggshells, the crypto community is overrun with predictions. The pattern shows a fight between the buyers and sellers, which may suggest it is poised to explode up—or crash down—in value once that fight concludes.

XRP Technical Indicators: A Mixed Bag

The price of XRP has been steadily at the $0.57 mark, considered to be a key support level. Historically, this level has held pretty well and kept the coin from dipping too low.

Recently, trading volume picked up, which is more often than not a sign that something big is brewing. If XRP breaks above the triangle’s upper trend line, then control might be taken over by the bulls, pushing up the price to new highs.

#XRP Breakout Incomin

XRP price has been consolidating within a symmetrical triangle since 2018 signaling a potential breakout With strong support around $0.38 and increasing volume 2024 could be the year for a significant upward move Keep an eye on XRP big things could be ahead pic.twitter.com/5MsehzASG6

— xaif.03