"26% up or down"...XRP, 'Explosion Imminent' once direction is set

▲ XRP

An analysis suggests that while XRP is facing a significant price fluctuation of approximately 26%, its direction has not yet been determined.

Crypto media outlet NewsBTC reported on May 2nd (local time) that market analyst Ali Martinez analyzed XRP has entered a compression phase within a symmetrical triangle pattern, and a breakout could lead to a price change of approximately 26%.

This pattern is a structure where the price moves within an increasingly narrow range, accumulating energy, characterized by strong volatility following an upward or downward breakout. Martinez explained that XRP is currently approaching the apex of this triangle pattern, and its direction is highly likely to be determined soon.

Specifically, according to the analysis, XRP is maintaining a compressed state between major support and resistance levels, and if it breaks out in either direction, a short-term upward or downward movement of approximately 26% could occur.

Such technical structures frequently appear in periods where market participants are waiting for a clear direction. Trading volume decreases and price volatility narrows, but a strong trend is formed upon breakout.

Currently, XRP remains in a phase of accumulating volatility without showing a clear direction, and given its technical structure, there is a possibility of significant movement in the short term.

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