⚡ XRP Triangle Squeeze Targets $20—Are Bulls Ready to Run? 🐂💥

XRP rose 25% this week to $3.30, a multi-year record, and beyond $190 billion in market value.

ProShares Ultra XRP ETF, the first XRP-linked ETF to trade on a major U.S. exchange, launched on July 18 during the spectacular rise.

The current price of XRP is $3.25, 15% below its January 2018 high of $3.84.

The rise drove perpetual futures open interest to a record $8.8 billion, or roughly 2.9 billion XRP in leveraged contracts.

XRP's utility story gained official credence when California Governor Gavin Newsom announced the California Breakthrough Project at Ripple's headquarters.

Technical research shows that XRP has completed a gigantic seven-year symmetrical triangular pattern, with Fibonacci objectives predicting a $4.90-$6.50 range.


Channel Breakthrough Goals $4.90–$6.50 Extension

The latest breakthrough on XRP's daily chart marked a paradigm change from a bearish, descending channel to a bullish, ascending structure.

Since its April lows, the cryptocurrency has risen 135%, smashing resistance levels around $2.80-$3.10

After channel breakthrough, Fibonacci extension analysis shows upward prospects.

The next significant targets are the 2.618 extension at $4.70, the 3.618 level at $5.77, and the 4.236 extension at $6.48.

Volume confirmation during the breakthrough suggests enormous institutional interest.

RSI values over 80 indicate overbought circumstances, yet parabolic movements hold momentum for long durations.

An X technical expert places XRP's weekly breakthrough inside a large symmetrical triangle pattern that has been forming since the 2018 top.

XRP's seven-year consolidation structure over many market cycles looks to be complete at $3.15

Based on the 2017-2018 cycle, historical Fibonacci research shows XRP might reach $22.00 by August 1st.

The last big wave produced Fibonacci ratios that might push the cycle beyond $20-23.

Pattern completion after seven years of consolidation boosts technical momentum.

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