XRP Breaks Out of Triangle Pattern, Could Witness Significant Rally

XRP has been confined to a narrowing symmetrical triangle pattern on its 4-hour chart, with prices fluctuating between a rising trendline from late June and a descending resistance line from the July peak. After surging from early June lows to a high of $3.65 in mid-July, XRP entered a consolidation phase. CryptoBull (@CryptoBull2020), a prominent crypto analyst, drew attention to this formation on X. The pattern has exhibited lower highs and higher lows, suggesting an equilibrium between buyers and sellers as they await a potential breakout.