XRP has been on rise since July 29
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The symmetrical triangle pattern is a technical analysis formation that typically indicates a period of consolidation before significant price movement. For XRP, this pattern has been in play since the 2017-2018 crypto boom. Ali suggests that if XRP can surpass the critical resistance level of $0.90, it could trigger a bullish breakout.A bullish surge to $0.90 represents 40% gains from current price levels. At the time of writing, XRP was up 2.81% in the last 24 hours to $0.
The accumulation of XRP by large holders, often referred to as"whales," has been on the rise, indicating bullishness for XRP.According to Santiment, the amount of wallets holding at least 10,000 XRP has skyrocketed in the past five weeks. A total of 279,400 of such shark and whale addresses exist on XRP Ledger, returning to a six-month high. The correlation between these wallets and XRP's market value has been undeniable throughout 2024.
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