XRP Forming Symmetrical Triangle Pattern...Uptrend Likely

IconCryptoNewsTerminal Staff17 Jul, 2024

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XRP Forming Symmetrical Triangle Pattern...Uptrend Likely

## XRP Forming Symmetrical Triangle Pattern...Uptrend Likely XRP has been forming a symmetrical triangle pattern that suggests the price could either rise or fall, and open interest in its futures has jumped. This indicates that the price of XRP could rise further in the coming weeks. XRP's open interest is currently at $780 million, and over 60% of XRP futures positions opened in the last 24 hours were long positions. "XRP has been lagging the broader market for a while now, but the recent shift in sentiment has seen it rise to $0.60, its highest level since April. This is a move that needs to be confirmed", said Alex Kuptsikevich, senior market analyst at the FX broker FxPro. At the time of writing, XRP is changing hands at $0.6111, up 13.11%, according to CoinMarketCap data.

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