XRP Faces Potential Breakout as Ascending Triangle Reaches Critical Stage
In the midst of cautious price movements, XRP, the popular cryptocurrency, has been trading within the boundaries of a Multi-Year Ascending Triangle (MYAT) since late 2021. Market observers have been closely monitoring this pattern, with prominent chartist Egrag projecting an imminent breakout expected to occur between July 2023 and August 2024.
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https://twitter.com/egragcrypto/status/1673301401219244034
XRP Ascending Triangle
However, Egrag's previous prediction for a breakout in May 2023 (65%) did not materialize, leading to a failed forecast. Despite this setback, XRP is now inching closer to the 70% completion mark of the triangle, indicating a potential breakout in July 2023.
Ascending triangles are ...