TLDR
- The XRP price is currently trading at $2.2378 and has remained stable over the past few weeks.
- A symmetrical triangle pattern has formed on the XRP chart, indicating a possible breakout.
- The pattern follows a 500 percent rally from November, suggesting a bullish continuation.
- The expected breakout could push the XRP price to $3.4, a 50 percent increase from current levels.
- A fall below the key support at $1.6147 would weaken the bullish outlook and raise downside risks.
The XRP price traded at $2.2378 on July 4, showing minimal movement from the previous day. However, technical indicators, rising market cap, and ETF inflows point toward a possible 50% rally. A convergence of key market drivers now positions XRP price for a significant breakout in the near term.
XRP Price Forms Bullish Triangle Pattern
Ripple’s XRP price has moved within a symmetrical triangle…
