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XRP Price Eyes Big Breakout as Triangle Pattern Signals 16% Move
XRP forms triangle pattern, signaling potential 16% price movement soon.
Derivatives market growth shows increased investor interest in XRP assets.
XRP price testing crucial $2.0 support; breakout or breakdown imminent.
XRP price remains above $2.09 after a slight recovery in the last 24 hours, continuing a bullish trend. The cryptocurrency has surged by 4% over the past day. The total crypto market increased 3% and 2% in 7 days. The major assets, such as Bitcoin, Ethereum, XRP, and Solana, registered high gains.
This surge comes ahead of Federal Open Market Committee (FOMC) meeting today. Analysts believe that the Federal Reserve will declare the third rate cut in the year.
Bitcoin price has gained above $92k, and Ethereum price climbed above $3,300. There was also a notable price movement in other coins such as Solana, ADA, and XRP.