The post XRP Price Pattern to Drive a Major Breakout To $3.70? appeared on BitcoinEthereumNews.com.

XRP price is in a symmetrical triangle pattern which likely shows a 50% breakout. The pattern, sometimes indicating the further development of the existing trend, indicates XRP’s movement toward the upper resistance at $2.50. If this resistance is broken, the breakout could push the XRP price rally beyond $3. In addition, analyst EGRAG Crypto also foresees the XRP price breakout in the first quarter of 2025 due to Triangle Consolidation seen in the chart. The price support ranges are $1.37 and $1.22 and the price resistance is at $2.60 and $3.77 respectively.  If the price rises past $2.60, it will free the way for more increase in prices and more profits. This technical analysis presents a somewhat positive view of the XRP path in the first quarter of 2025. Source: X Another analyst, Captain Faibik, is more optimistic about XRP. He has suggested that the currency may surge by 50% to hit $3.66. This projection is made from a break out of a long-term descending wedge which is a bullish pattern. If the resistance level does not give in in a short time, we may observe XRP testing the $2.00 support level or even dropping further. Moreover, the chart shows that the stagnation phases are followed by accumulation phases and increasing upward momentum, which supports the price appreciation expectation. If XRP manages to break out as it reaches these levels, this trajectory may be confirmed, which will increase investor confidence. Source: X Bullish Indicators Support Upward Momentum The technical analysis strengthens the bull case for XRP. For instance, using the daily chart, the Stochastic RSI is currently reading a strong bullish trend. Also, the %K line is now crossing the %D line while both are in the overbought territory at around 70.34. – Advertisement – This, therefore, means that there is…

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Filed under: News - @ January 2, 2025 11:17 pm