{"id":637277,"date":"2024-08-23T06:00:48","date_gmt":"2024-08-23T06:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=637277"},"modified":"2024-08-22T13:56:13","modified_gmt":"2024-08-22T13:56:13","slug":"triangle-pattern-xrp-price-32","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/triangle-pattern-xrp-price-32\/","title":{"rendered":"This Triangle Pattern Triggered In 2021 Suggests XRP Price Will Surge 5,000% To $32"},"content":{"rendered":"
The XRP price is trading around the psychological barrier of $0.60 after breaking through earlier in the week. Notably, XRP has exhibited interesting price action amidst wider market uncertainty, although many cryptocurrencies are starting to turn positive. While some market participants <\/span>are still bearish on XRP<\/span><\/a>, others are <\/span>looking out for a very bullish<\/span><\/a> trajectory.<\/span><\/p>\n A crypto analyst has revealed an XRP technical analysis that many bullish proponents can resonate with. According to the analyst, XRP is set to surge to $32 in the coming months.\u00a0<\/span><\/p>\n Despite the broader volatility, many cryptocurrencies have <\/span>begun to show signs<\/span><\/a> of recovery, with XRP also a focal point of interest. The XRP analysis in question was posted through the social media platform X by Tylie Eric. This analysis was accompanied by an XRP \/ U.S. Dollar price chart on the 1D candlestick timeframe. As such, the price chart shows XRP’s price action as far back as late 2020. Central to the analysis is the depiction of a symmetrical triangle pattern, which has been gradually forming since early 2021, when XRP reached a peak trading value of $1.96.<\/span><\/p>\nXRP Price Surge Of Epic Proportions<\/h2>\n