{"id":167474,"date":"2023-10-03T20:30:20","date_gmt":"2023-10-03T15:00:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/xrp-price-eyes-triangle-breakout-crypto-news\/"},"modified":"2023-10-03T20:30:24","modified_gmt":"2023-10-03T15:00:24","slug":"xrp-price-eyes-triangle-breakout-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-price-eyes-triangle-breakout-crypto-news\/","title":{"rendered":"XRP Price Eyes Triangle Breakout – Crypto News"},"content":{"rendered":"

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XRP price, like many of its peers in the top ten, rolled back the gains accrued from late last week as investors capitalized\u00a0on the first Ethereum futures ETFs approvals<\/a>\u00a0in the United States. The fourth-largest cryptocurrency climbed from support at $0.49 and briefly touched highs at $0.55 before the uptrend faded into an ongoing correction, with XRP price trading at $0.5125.<\/p>\n

Can XRP Price Save The Uptrend To $1<\/h2>\n

The XRP community has been waiting with bated breath for the time the cross-border money remittance token will hit highs above the psychological $1. While XRP rallied following Ripple\u2019s partial win against the US Securities and Exchange Commission (SEC) in July, the uptrend only made it to $0.93 before declines overwhelmed the bulls, leading to a sell-off back to the June levels.<\/p>\n

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Many believed that\u00a0XRP price<\/a>\u00a0would rally significantly over the weekend on account of\u00a0Ripple\u2019s celebratory event in New York \u2013 dubbed the \u201cProper Party<\/a>.\u201d However, apart from a jubilant crowd and memorable speeches from keynote speakers including Brad Garlinghouse, Ripple\u2019s CEO key announcements speculated by the community over the last few weeks never came to be.<\/p>\n

Outside of Ripple, investors focused on the launch of the first Ethereum futures ETFs which started trading on Monday. Perhaps the hype around the new investment products and the lack of key price catalysts from the Proper Party denied XRP price an immediate pump toward $1.<\/p>\n

However, from a micro perspective,\u00a0XRP could still start the climb to $1<\/a>\u00a0if it breaks out of a symmetrical triangle pattern.<\/p>\n

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Bulls must start by upholding support at $0.5 to confirm to other investors that XRP price is not unlikely to drop further but is inclined to ascend to higher levels. This support will also help them build the required momentum for a rally following a breakout above the triangle.<\/p>\n