XRP Symmetrical Triangle Breakout Incoming. Here Are Key Price Targets

Crypto analyst Papa (@MamaGucci) has highlighted a symmetrical triangle formation in XRP’s price action, suggesting an imminent breakout. The chart shared by the analyst shows that XRP is currently consolidating, with resistance and support tightening into a wedge formation.

This pattern indicates that a significant move is approaching, with Fibonacci extension levels providing possible price targets if a breakout occurs.

The chart reveals key resistance levels with a final target between $11.00, and $14.00, corresponding to Fibonacci extension levels. If XRP fails to hold support, the downside risk is slightly above $1.70.

The Relative Strength Index (RSI) on the chart also shows a downward trend while the price remains stable, indicating a potential buildup for a breakout. Traders are closely monitoring these levels to determine XRP’s next major move.

Whale Activity and Market Expectations

Market sentiment around XRP remains strong, especially among whales. A TimesTabloid report highlights that whales have been accumulating XRP, suggesting that they anticipate a major price movement.

Whale accumulation is often a precursor to volatility, as large investors tend to position themselves before major price swings. This activity aligns with the symmetrical triangle formation, further supporting the potential for a breakout.

Key Levels to Watch

Based on recent market trends, XRP traders should closely monitor the $2.35 resistance level for confirmation of an upward breakout. Recent analysis highlights the importance of this support level, as maintaining this support is crucial for bullish momentum.

If the digital asset holds above this level and achieves a daily close above $2.71, it could trigger a rally toward the $3.00–$3.40 range. The asset is currently trading at $2.41, and failing to hold $2.35 may lead to a decline toward $2.20 or even the $2.00–$1.80 zone.

Long-Term Projections for XRP

Some analysts have set ambitious long-term targets for XRP. EGRAG CRYPTO (@egragcrypto), a well-respected analyst, recently discussed the possibility of XRP reaching $27, updating his Bermuda Triangle analysis.

While this price level is speculative, historical trends and Fibonacci extensions suggest that XRP could experience substantial gains if a strong breakout occurs.

The coming weeks will be critical for XRP’s price action. If the symmetrical triangle breakout follows the expected trajectory, XRP could enter a strong uptrend, targeting key levels identified by Papa. However, traders should remain cautious and look for confirmation signals before making trading decisions.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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