bullish

Momentum

<ul class="wp-block-list">
 <li>XRP has broken out of a triangle pattern, with experts predicting it could reach $1.96 soon and $23 by early 2025.</li>  
 <li>XRP’s price is rising, backed by positive investor feelings and strong market signals like its 50-day moving average.</li>  
 <li>After months of steady prices, XRP is moving up fast, aiming for key targets like $1.96, $4.80, and $23.</li> 
</ul>  
XRP has broken out of a large symmetrical triangle, signaling potential explosive price growth. According to analyst CryptoBull, historical patterns suggest XRP could hit $1.96 by the end of the month, $4.80 by late 2024, and $23 by January 2025. The chart data reveals a distinct consolidation phase before the breakout, showcasing bullish momentum.  
<h2 class="wp-block-heading" id="h-symmetrical-triangle-signals-bullish-momentum">Symmetrical Triangle Signals Bullish Momentum</h2>  
A narrowing price range with <a href="https://cryptonewsland.com/eths-recent-bounce-explained-is-this-the-start-of-a-sustainable-trend/" target="_blank" rel="noopener noreferrer nofollow">higher lows and lower highs</a> is shown in the symmetrical triangle pattern. Furthermore, this stage frequently comes before big market movements. XRP's latest price movement is comparable to its pre-bull run behavior from 2017. The triangle's breakout, which is in line with previous bullish tendencies, boosts investor confidence.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd5pQEE66tV1itRv4Ft8zjncaDWsIAolptk6LH5rZbTY6aL2Qa-TnOEzoGCl77DDXI6fCw6gIpBT6ZxFZW1GS5o96iKa882ZwATBDa_-re87LYhFJL0xlitonujyRAtFsmrXp6SAQ?key=HwkE96ttJDdi8mudwGvAJZ45" alt="">
</figure>  
Source: <a href="https://x.com/CryptoBull2020/status/1857417518958117136" target="_blank" rel="noopener noreferrer nofollow">CryptoBull</a>  
Notably, XRP's price saw growth during a "3 Months Bullrun," marked by large candlesticks indicating robust buying activity. Following this surge, XRP entered a consolidation phase, <a href="https://cryptonewsland.com/market-analysts-predict-major-xrp-upsurge-following-election-results/" target="_blank" rel="noopener noreferrer nofollow">forming the symmetrical triangle</a>. Moreover, market participants eye key breakout targets at $1.96, $4.80, and $23, fueling optimism.  
<h2 class="wp-block-heading" id="h-indicators-support-uptrend">Indicators Support Uptrend</h2>  
Several technical indicators suggest that XRP’s upward trajectory remains strong. Additionally, XRP’s 50-day moving average turned upward in October, signaling a bullish market trend. This shift came after months of sideways trading between June and early October.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeCx9DbAA3rRCBhVX87FlnKVd7IweHv-_noJMqShnr1I7j9KulTV9b2y9GR_YF8XhCEUc47jdtdl8tlFxqLrV4kP083uxHSNhCm6d0XcyKbHhjvq1sXZLSr4_ZcqIgAO2DBbM0x?key=HwkE96ttJDdi8mudwGvAJZ45" alt="">
</figure>  
Source: <a href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22xrp%22%2C%22ticker%22%3A%22XRP%22%2C%22from%22%3A%222024-05-16T20%3A59%3A59.294Z%22%2C%22to%22%3A%222024-11-16T20%3A59%3A59.101Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22%5B2%3Bprice_usd%3BMA50%5D%22%2C%22sentiment_volume_consumed_total%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C2%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23FF5B5B%22%2C%22%23FFCB47%22%5D%2C%22ws%22%3A%7B%222%22%3A%7B%22interval%22%3A%221d%22%7D%7D%7D%5D" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>  
Furthermore, XRP's weighted sentiment fluctuated, with positive sentiment spikes aligning with price surges. During November, weighted sentiment rose sharply, supporting the bullish price momentum. Consequently, <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price</a> climbed past $1.04 as the moving average crossed $0.68, affirming market strength.  
CryptoBull emphasizes the importance of these indicators in forecasting XRP’s next moves. Besides historical patterns, the convergence of <a href="https://cryptonewsland.com/popcat-price-may-drop-15-soon/" target="_blank" rel="noopener noreferrer nofollow">sentiment and technical metrics</a> adds to XRP’s bullish outlook. Moreover, the price breakout from the symmetrical triangle highlights its potential for sharp upward movements.   
The post <a href="https://cryptonewsland.com/xrps-bullish-breakout-analyst-predicts-1-96/" rel="noopener noreferrer nofollow">XRP’s Bullish Breakout, Analyst Predicts $1.96 This Month and $23 Soon</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

XRP’s Bullish Breakout, Analyst Predicts $1.96 This Month and $23 Soon

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