XRP Breaks Out of Descending Triangle, Bulls Eye $3.5-$5 Rally

An upward trend in XRP prices has been confirmed by a successful breakout from a descending triangle pattern on the 3-day chart. This bullish movement aligns with positive signals from indicators such as the MACD and RSI, indicating short-term momentum. Price targets range from $3.50 to $5, with a bearish invalidation point set below $2. XRP’s recent price surge has been fueled by significant buying pressure, evidenced by the breakout and a substantial green candlestick on the charts. Trading volume for XRP surged 135% to $10.72 billion in the last 24 hours, marking a 5.63% increase in prices. The current price of XRP stands at $2.55. This bullish momentum was highlighted by Captain Faibik, a prominent cryptocurrency analyst who first identified the falling wedge pattern.