#Notiasdexripple Ripple about to break a consolidation pattern
Crypto analyst ArShevelev has pointed out that Ripple is about to break a consolidation pattern that could take its price up to 3 dollars. The Stock Market Today Ibex 35 Banco Santander Caixabank Bitcoin Continuous Market 100 Days of Trump Spanish Renewables S&P 500 Iberdrola Dividend
Breakout in process
Ripple about to break a consolidation pattern
Crypto analyst ArShevelev has pointed out that Ripple is about to break a consolidation pattern that could take its price up to 3 dollars.
02-05-2025, 07:40:00 Writing/Investment Strategies.
Ripple about to break a consolidation pattern
Crypto analyst ArShevelev has pointed out that Ripple (XRP) is about to break a consolidation pattern that could push its price up to 3 dollars. Although he does not rule out the possibility of a false breakout and a subsequent correction, according to Scott Matherson in News BTC.
In a one-hour chart analysis, ArShevelev revealed that the price of XRP has been forming a sequence of tight consolidation patterns. The colored triangular formations on the price chart highlight each consolidation pattern formed in recent weeks. These triangles show that the price action has moved sideways, indicating indecision before a breakout. With Ripple about to break its current consolidation pattern, ArShevelev predicts that the cryptocurrency could soon reach 3 dollars, representing a 37% increase from its current market value. At the time of writing this article, the price is around 2.19 dollars after sharply rebounding from a critical support zone near 2.05 dollars. This support zone is identified as a crucial level, as a breakout above would maintain the current bullish structure of the altcoin.
