CoinDesk·3 min read·medium

XRP jumps 4% as traders watch 'triangle breakout' toward $1.35

S
Shaurya Malwa
XRP jumps 4% as traders watch 'triangle breakout' toward $1.35
AI Summary

XRP prices rose 4% to reach $1.13, driven by technical chart patterns that suggest a potential breakout toward $1.35. Analysts are monitoring a symmetrical triangle formation, though the broader daily trend remains constrained by a long-term descending channel.

A move through that area could open the path toward $1.35, but the bigger daily chart still shows XRP trading inside a descending channel that has capped rallies for months.

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