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XRP Winds Up for a Sharp Break – 16% in Play

XRP Winds Up for a Sharp Break - 16% in Play

XRP Winds Up for a Sharp Break – 16% in Play

In Brief

  • • XRP is tightening inside a major symmetrical triangle.
  • • Analysts say a breakout is nearing as volatility compresses.
  • • The pattern implies a move of about 16% once it breaks.

XRP is tightening inside a large symmetrical triangle, and analysts believe the consolidation is approaching its decisive moment, one that could swing as much as 16% once the price finally breaks out.

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Indeed, XRP looks primed for a significant move, as suggested by the structure that has been forming over the past two weeks as the cryptocurrency makes progressively lower highs and higher lows, compressing volatility and setting the stage for a sharp expansion.

Specifically, these are the conclusions of the analysis by renowned crypto trading expert Ali Martinez, which he shared in an X post on December 8.

With the price now bouncing between converging trendlines, traders are watching closely for confirmation in either direction.

Why This Triangle Matters for XRP

As it happens, Martinez has observed that symmetrical triangles typically act as continuation or reversal triggers depending on where the breakout occurs. A move through the upper boundary could release enough momentum for a bullish run, while a breakdown from the lower support might pave the way for a deeper retracement.

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For the time being, XRP is changing hands at the price of $2.10, which indicates an increase of 3.65% in the last 24 hours, a 2.75% advance across the previous seven days, and a decline of 9.11% on its monthly chart, according to the most recent information.

XRP price 7-day chart.
XRP price 7-day chart. Source: CoinMarketCap

Until the breakout hits, XRP is likely to continue oscillating within the triangle. But the measured-move target, based on the triangle’s height, points toward a roughly 16% price swing, making this one of XRP’s most closely watched technical setups heading into mid-December.

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