He noted that nearly two years ago, his team had already predicted a breakout from this formation, and since then, XRP has delivered more than 400% gains from that initial forecast. However, XRP is now back into the zone of its 2018 all-time high after reaching $3.65 in July, and this level is now acting as resistance.
Looking at the bigger picture, Rupert noted that the triangle projection is still pointing to a target of $19.27. Not only does the price confirm that, in regard to direction, the way XRP is trading on the smaller time frames and how it is interacting with a key level of significance at its previous all-time high is telling, in fact, that it’s got further upside to come.
At the time of writing, XRP is trading at $3.02, up by 3.9% in the past 24 hours.
