XRP Price Poised for Breakout Amid Bullish Chart Patterns and Regulatory Optimism 📈
XRP, closely associated with Ripple Labs, is capturing the spotlight as it nears a potential breakout from a symmetrical triangle pattern. This technical formation is marked by converging trend lines, indicating tightening price action and potential momentum surge.
Popular crypto analysts, like @DefendDark and @Steph_iscrypto, predict that XRP might be preparing for a major move. According to @DefendDark, surpassing the key resistance at $2.20 could initiate a mid-term rally aiming for $5-$8. Currently, the token trades around $2.04, close to an important Fibonacci support level.
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