Ripple (XRP) challenges the market: It could soon explode!

Ripple ($XRP ), which has gained more than most of the altcoin market, has winked at the bull.

Ripple, which is currently at the forefront with news flow and technical analysis, may be preparing for a bull run. With the recovery of the altcoin market, the major coin, which has the wind behind it, is making a name for itself in many metrics.

According to TradingView data, the XRP price rose from $ 0.585 on September 28 to $ 0.635 on September 30. In the last 24 hours, $ 1.9 million worth of long and short bets on XRP's price movement were liquidated. $ 1.37 million (73%) of the liquidated trades were long positions.

XRP attracted attention by gaining 31 percent against $BTC in the last 90 days. This development shows that Ripple is getting stronger.

According to crypto analyst Milkybull Crypto, the large symmetrical triangle on the monthly chart is a sign of a rally in XRP. “XRP could break out of the 4-year triangle,” the analyst wrote in a post on X on September 29.

This was in response to a September 28 analysis of XRP that showed the price trading within a symmetrical triangle spanning four years. If it breaks above the upper trendline, this could signal an uptrend. The projected rally can be interpreted by adding the high at the widest point of the triangle to the breakout level. According to Milkybull Crypto, the $10-20 range could be targeted as XRP moves sharply upwards from around $0.61.

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