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Analyst: We Are At the Apex of This Massive Triangle. The Breakout Will be Epic
By Zaccheaus Ogunjobi
We are at a critical juncture for XRP, market observers warn, as the cryptocurrency teeters on the edge of a massive triangle. According to respected analyst XRPunkie, this explosive situation is not a forecast, but a certainty.
XRP’s current price action has been developing since November 2024, with the asset consolidating at $2.15 and resting at the very apex of a months-long triangle pattern. The market can no longer accommodate sideways movement; the breakout, as such, is inevitable. With the surrounding fundamental factors and sentiment aligning in favor of XRP, many traders believe that the move will be nothing short of epic.
A sharp uptrend would see key levels $3.30 and $5.30 swiftly fall into place, setting the stage for even higher targets to emerge.
The situation has gained attention, with some predicting a $10,000 price tag in the future.
Source: timestabloid.com
