bullish

<ul class="wp-block-list">
 <li>XRP is nearing a breakout, with key levels at $1.10 support and $1.20 resistance showing tight price consolidation.</li>  
 <li>With a symmetrical triangle forming, the XRP price may move soon, especially if it breaks the $1.20 resistance.</li>  
 <li>Market watchers expect volatility, as XRP's breakout or breakdown may occur within the next 24 hours, targeting $1.30 or lower.</li> 
</ul>  
<p>On the 4-hour chart, XRP is displaying a <a href="https://cryptonewsland.com/pepe-prepares-for-a-bullish-rally-amid-symmetrical-triangle-formation/" target="_blank" rel="noopener noreferrer nofollow">bullish symmetrical triangle formation</a>. Consistent consolidation is seen in the chart, where lower highs and higher lows converge. As the triangle's apex approaches, the current price movement puts XRP in a position to potentially break out.</p>  
<h2 class="wp-block-heading" id="h-market-overview-key-levels-in-focus">Market Overview: Key Levels in Focus</h2>  
<p>Before falling to $1.10, XRP peaked at $1.20. However, buyers quickly stepped in, creating higher lows around the $1.10 support zone. Sellers, on the other hand, remain active at $1.20, defending the key resistance level. Consequently, the current trading range is tightly confined between these two zones.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXco4yN4vju4jN-mSpT_Yx0KdhpY6RlYsHh0LEC8DIKnzMgDfjNlzYg4mpyrNkJ0QM3kc6WaiuPYISGuUZYnoFlhxnWFmd0gO-PHkQm8AHd1j6HuggrD3P-Iqzw3MNyrpre-tD3NUw?key=F4vzBhxmwYgdODREauFWv-Hm" alt="">
</figure>  
<p>Source: <a href="https://x.com/CryptoBull2020/status/1858668733373522275" target="_blank" rel="noopener noreferrer nofollow">CryptoBull</a></p>  
<p>The chart shows that the lower trendline provides robust support. XRP has tested this level multiple times without breaking below. Additionally, the narrowing triangle reflects indecision among market participants, suggesting a <a href="https://cryptonewsland.com/xrp-approaching-major-bullish-breakout-trend/" target="_blank" rel="noopener noreferrer nofollow">potential breakout is approaching</a>.</p>  
<h2 class="wp-block-heading" id="h-potential-scenarios-breakout-or-breakdown">Potential Scenarios: Breakout or Breakdown?</h2>  
<p><a href="https://x.com/LeviRietveld/status/1858803907218043356" target="_blank" rel="noopener noreferrer nofollow">Market observers</a> expect a significant move as the symmetrical triangle's apex draws near. XRP may rise toward the psychological barrier of $1.30 if it breaks over $1.20. Additionally, the breakout might draw more buying pressure, which would increase the upward momentum. On the other hand, more bearish momentum might push prices lower if sellers force the price below $1.10.</p>  
<p>Notably, the symmetrical triangle is often an indicator of high volatility. This buildup of energy indicates a directional move is likely in the next sessions. However, the absence of visible RSI or volume data limits a deeper technical assessment.</p>  
<p>Crypto analyst CryptoBull emphasized XRP's bullish setup, noting the symmetrical triangle pattern. According to CryptoBull, the breakout could occur within 24 hours, with a target above $1.30. Moreover, the convergence of trendlines signifies balanced market forces.</p> 
<p>The post <a href="https://cryptonewsland.com/watch-1-10-and-1-20-levels-for-upcoming-volatility-is-xrp-ready-to-break-out/" rel="noopener noreferrer nofollow">Watch $1.10 and $1.20 Levels for Upcoming Volatility, Is XRP Ready to Break Out?&nbsp;</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Watch $1.10 and $1.20 Levels for Upcoming Volatility, Is XRP Ready to Break Out?

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