XRP forms multi-year ascending triangle, analyst sees breakout above $3.50

A well-known crypto analyst has identified a long-term ascending triangle pattern on XRP’s price chart, which is attracting significant attention from market participants. The technical formation on the 2-week chart has prompted traders and analysts to speculate about the likelihood of a major breakout, with key price targets far above XRP’s current value. XRP, the digital asset powering payments network Ripple , has established a series of higher lows since 2020. According to analyst JD (@jaydee_757), these higher lows trace a rising trendline that extends from approximately $0.14 in early 2020 through several support points in subsequent years.

Source: CoinTurk News