XRP Breaks Free: Symmetrical Triangle Breakout Sparks Bullish Surge Toward $15

• XRP’s breakout from a symmetrical triangle signals a strong bullish trend, with analysts eyeing a potential surge toward $15.
• The breakout invalidates prior resistance, establishing new support and reinforcing confidence in sustained bullish momentum.
• Historical accumulation and strong buying pressure suggest XRP’s rally could extend, with $10 and $15 as key resistance targets.

Analyst Ali says strong bullish momentum comes as XRP shatters one of its most important technical resistances. The cryptocurrency broke out of the symmetrical triangle. The breakout substantiates a potential rally while most analysts are directing their attention toward the $15. It is currently holding above $2.2293, representing the percentage increase of 4.31% after being breached.

Symmetrical Triangle Breakout Signals Strength

XRP traded within a symmetrical triangle, forming lower highs and higher lows. This pattern indicated prolonged accumulation. Price action compressed into the apex before breaking out. Once XRP breached the upper trendline, a sharp rally followed. The breakout led to a quick surge above $2.70, showcasing strong bullish momentum.

A measured move from the breakout suggests a potential target exceeding $10. Additionally, price projections highlight a path toward the $15 region. Investors anticipate further gains if momentum sustains. Market sentiment remains positive, reinforcing confidence in extended bullish movement.

Historical Price Behavior Supports Uptrend

Between 2018 and 2023, XRP repeatedly tested both support and resistance within the triangle. Each attempt to break either level resulted in price rejection. However, the recent breakout invalidated prior resistance, establishing a new support zone.

Strong demand was further confirmed by the breakout candle’s strong purchasing push. The bullish picture was further reinforced by the consolidation phase preceding the breakout, which indicated long-term accumulation.

Bullish Momentum and Future Price Projection

The symmetrical triangle breakout from long-term consolidation tends to produce high volatility. XRP’s sharp rise after breakout is to be expected. A clear shift in market forces has spurred bullishness, drawing in more traders.

Moreover, the chart structure highlights a well-defined price trajectory. If XRP maintains its bullish momentum, the next resistance zones lie near $10 and $15. A strong breakout like this often leads to sustained upward movement.