{"id":216393,"date":"2023-12-20T23:02:32","date_gmt":"2023-12-20T17:32:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/triangle-pattern-sets-xrp-for-26-breakout-rally-crypto-news\/"},"modified":"2023-12-20T23:02:35","modified_gmt":"2023-12-20T17:32:35","slug":"triangle-pattern-sets-xrp-for-26-breakout-rally-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/triangle-pattern-sets-xrp-for-26-breakout-rally-crypto-news\/","title":{"rendered":"Triangle Pattern Sets $XRP for 26% Breakout Rally &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-170440\">\n<p>\nXRP Price Prediction: The Triangle pattern breakout would resume the recovery trend higher\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"551\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cuuMVpjA-e1703093089844.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"XRP Price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 13 seconds ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">XRP Price Prediction: The third week of December has been highly volatile for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/central-bank-of-ireland-registers-ripple-as-crypto-service-provider\/\">5th largest cryptocurrency XRP<\/a>. while the wavering price projected no dominance from bull or bear, it showcased suitability above the $0.6 psychological support. This horizontal level aligned with the support trendline of the triangle pattern setup increasing the XRP price potential to rebound higher.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/central-bank-of-ireland-registers-ripple-as-crypto-service-provider\/\">Central Bank of Ireland Registers Ripple As Crypto Service Provider<\/a><\/p>\n<h2><b>Will $0.6 Support Bolster A New Recovery?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A long-tail rejection candle on December 18th reflects the demand pressure at $0.6<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The triangle breakout could set a directional rally in XRP<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in the XRP is $1.39 Million, indicating a 30% gain.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Price Prediction\" width=\"1946\" height=\"893\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/c\/cuuMVpjA.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/c\/cuuMVpjA.png\" alt=\"XRP Price Prediction\" width=\"1946\" height=\"893\"\/><\/noscript><figcaption class=\"wp-caption-text\">XRP Price Prediction| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Amid developing a well-known continuation pattern called a triangle, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/\">XRP price<\/a> has been trading sideways for the past 7 weeks. However, this consolidation narrowing within two converging trendlines indicates the lateral movement won\u2019t last long and lead to a decisive breakout.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Today, with an intraday gain of 2.32%, the XRP price rebounded from the lower trendline of a triangle pattern. The multiple long-price rejection candles at this support accentuate the strong demand pressure at t\u00a0 This reversal should lead to a 7.5% gain and revisit the upper trendline. For the XRP price to escape the current sideways trendline it must break either boundary of the triangle.<\/span><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">With a higher probability, the XRP price should breach the upper trendline, which would release the build-buying momentum. The post-breakout rally would surge the price 26.55% higher to hit $0.84, and in an extended rally $0.93, $1.<\/span><\/p>\n<h2><b>XRP vs BTC Performance<\/b><\/h2>\n<figure id=\"attachment_170441\" aria-describedby=\"caption-attachment-170441\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-170441 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Price vs Bitcoin price\" width=\"1200\" height=\"800\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2.png 1200w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2-300x200.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2-768x512.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2-150x100.png 150w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2-272x182.png 272w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-170441 size-full\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2.png\" alt=\"XRP Price vs Bitcoin price\" width=\"1200\" height=\"800\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2.png 1200w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2-300x200.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2-768x512.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2-150x100.png 150w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/chart-2-272x182.png 272w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/noscript><figcaption id=\"caption-attachment-170441\" class=\"wp-caption-text\">Source- XRP Price vs Bitcoin price<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The last three-month price comparison indicates the XRP price has been underperforming in comparison with Bitcoin. While the BTC price continues to show a steady uptrend with new higher highs, the XRP price has turned sideways, reflecting no initiation from buyers or sellers.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">However, in the big XRP price uptrend is intact evident by an ascending support trendline<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Bollinger Band: <\/b><span style=\"font-weight: 400;\">The flattish boundary of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger band<\/a> indicator acts as an additional layer of resistance and support.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Moving Average Convergence Divergence<\/b><span style=\"font-weight: 400;\">: The bullish crossover state between <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/macd-moving-average-convergence-divergnece\/\">MACD<\/a>(blue) and the signal(orange) line in higher time frame charts such as weekly highlights a bullish long-term outlook.<\/span><\/li>\n<\/ul>\n<h3><strong>Related Articles<\/strong><\/h3>\n<\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/xrp-price-prediction-pattern-sets-xrp-for-26-rally\/&#038;text=XRP Price Prediction: Triangle Pattern Sets $XRP for 26% Breakout Rally\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/xrp-price-prediction-pattern-sets-xrp-for-26-rally\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/xrp-price-prediction-pattern-sets-xrp-for-26-rally\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/xrp-price-prediction-pattern-sets-xrp-for-26-rally\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA170440\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD170440\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP Price Prediction: The Triangle pattern breakout would resume the recovery trend higher Published 13 seconds ago XRP Price Prediction: The third week of December has been highly volatile for the 5th largest cryptocurrency XRP. while the wavering price projected no dominance from bull or bear, it showcased suitability above the $0.6 psychological support. This [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":216394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-216393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/216393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=216393"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/216393\/revisions"}],"predecessor-version":[{"id":216395,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/216393\/revisions\/216395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/216394"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=216393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=216393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=216393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}