XRP Breakout Target Set at $15 Based on Symmetrical Triangle Pattern
An analyst suggests XRP may target $15 following a breakout pattern in its 1-week price chart.
XRP Breakout Potential
- XRP is forming a Symmetrical Triangle, indicating a long-term consolidation pattern.
- The pattern consists of two converging trendlines: upper (lower highs) and lower (higher lows).
- A breakout above the upper trendline signals bullish movement; a drop below the lower trendline indicates bearish trends.
- Martinez states, "If this is a symmetrical triangle, XRP has broken out and is targeting $15."
- This target implies a potential rally of 517% from the current price of approximately $2.43.
XRP Current Price
XRP is currently priced around $2.43, reflecting a 1% increase over the past 24 hours.
