#XRP

The current daily chart of XRP/USD shows that a symmetrical triangle is being formed, and it appears that the price is gradually converging while accumulating energy for the next significant price movement.

This pattern is characterized by the tendency for a significant trend to emerge when it breaks either upwards or downwards, and especially now, as it approaches the endpoint, it can be considered that the timing for a breakout is imminent.

The current price is fluctuating around $2.13, and it is in a situation where it can move either up or down. The breakout upward target derived from the past high (around $3.40) and low (around $1.50) is estimated to be around $4.35.

This is the value that applies the maximum width of the consolidation above the breakpoint, and as indicated by the arrow on the chart, it is a level that requires significant attention.

As support lines, $1.87 and $1.50 are being watched, and there is a possibility of a rebound here even if it declines.

On the other hand, the resistance will be around the previous high of $3.40, and clearly breaking through this level will be the key to continuing the upward trend.

In the future scenario, if the upper boundary of the symmetrical triangle consolidation is broken upwards, strong buying is expected to enter, leading to a rapid surge and an increase to the mid-4 dollar range.

On the other hand, if it breaks below the lower support line, there is a possibility of falling to the next support levels of $1.87 or $1.50, so caution is necessary.

In that case, the uptrend may be temporarily reset, and a period of adjustment may continue for a while.