XRP is attracting bullish attention from analysts and traders, with signals indicating a potential breakout above $20, according to recent analysis. Cointelegraph reports that technical indicators suggest a peak cycle is forming, leading to potential price growth. The cryptocurrency’s current price action shows consolidation within a symmetrical triangle on the daily chart, hinting at an imminent bullish move towards $4. 22% decline after July 18th highs has subsided, with XRP currently trading around $3. Despite this recent correction, analyst XForceGlobal suggests that XRP’s primary target remains at $20 despite facing resistance at the psychological level of $4. They propose two possible scenarios for XRP’s price movement: a classic pullback followed by an upward surge, or a continuation of the current distribution phase before a significant move upwards to reach prices between $19 and $30. 20 is based on their analysis of past cycles and technical indicators. Analysts including veteran trader Matthew Dixon support this view, suggesting that XRP’s current price movement falls within a distribution phase in preparation for a larger wave 5 move toward $4. Multiple technical charts further support the prediction of a bullish breakout in the short term with targets ranging from $4.40 to $6. It is important to remember that this article does not constitute investment advice, and all trading decisions should be made based on individual research and risk assessment.