XRP Breaks Out of Symmetrical Triangle, Bullish Momentum Confirmed

The cryptocurrency XRP has recently broken out of a 3-day symmetrical triangle pattern on its chart, indicating a potential for significant upside in the short term. The crucial price point to watch is $3.07, with a closing above it confirming bullish momentum and further price movement. Analysts anticipate short-term gains toward $3.30 as minor resistance and potentially up to $4.20 based on the triangle’s height and Fibonacci levels. These projections are supported by growing institutional interest. The recent application for an XRP charter from Sony Bank, a subsidiary of the Sony Group, has highlighted increasing adoption in the cryptocurrency market.