Can a symmetrical triangle breakout in XRP's price push it to $2?

XRP's price moved toward the $1.40 resistance on Tuesday as the broader cryptocurrency market recovered along with a decline in oil prices.
$XRP The price traded near $1.39 at the time of publication, after briefly touching highs of around $1.41 earlier in the session. Since then, the altcoin has been consolidating within the $1.39 to $1.41 range following a rebound linked to reports of progress in US-Iran peace negotiations, despite ongoing geopolitical tensions involving the UAE and the US naval presence in the region.
Following these developments, oil prices retreated after recently approaching the $90 per barrel mark, helping to improve risk appetite across financial markets.
On the daily chart, XRP continues to form a symmetrical triangle pattern defined by converging trendlines. A breakout above the upper boundary typically signals a continuation move, while a breakdown below support could extend the consolidation period.
For XRP, confirming a breakout above the $1.45 level would validate the pattern and could open the door to a move toward the $1.90 area. This target is derived from the projected height of the triangle from the breakout point and closely aligns with a major Fibonacci retracement level, making it a notable resistance zone.
If bullish momentum persists beyond that level, XRP may attempt to reclaim the psychological $2 mark.
Momentum indicators have started to tilt in favor of buyers. The Supertrend indicator has turned green, indicating a trend reversal, while the MACD is approaching a bullish crossover, suggesting bullish momentum could strengthen if the signal is confirmed.