"26% up or down"...XRP, 'Explosion Imminent' Once Direction is Set

▲ XRP

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

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

This pattern is characterized by prices moving within an increasingly narrow range, accumulating energy, and followed by strong volatility upon 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 decided soon.

Specifically, according to the analysis, XRP remains compressed between key support and resistance levels, and a breakout in either direction could result in an approximately 26% upward or downward movement in the short term.

Such technical structures often appear in periods where market participants are waiting for a direction. Instead of price volatility decreasing with shrinking trading volume, a strong trend is formed upon breakout.

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

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