#BTCUnbound Will XRP repeat its 70% rally? The price approaches a classic fractal breakout
XRP is repeating technical patterns from its rally in early 2025, indicating a potential rally towards the range of $3.75-$4.00.
Will XRP repeat its 70% rally? The price approaches a classic fractal breakout
Altcoin in detail
Key points:
XRP is replicating a bullish fractal that triggered a 70% rally earlier this year.
The price is seeking a breakout of 20% from a descending wedge, targeting $3.75 in August.
The growth of XRPL and the activity of stablecoins strengthen the case for a move towards $4.
The latest price action of XRP
XRP
€2.55
is echoing a bullish fractal from earlier this year, increasing the outlook for a strong continuation upward in August.
The descending wedge of XRP suggests a 20% rally in August
Between December and January, XRP consolidated within a descending wedge pattern while remaining strong above its 50-day exponential moving average (EMA 50 days; the red wave).
The pattern resolved with an upward breakout in early January, reclaiming the 20-day EMA (the purple wave) as support and driving a price increase of 70%, from around $2 to over $3.39, within weeks.$BTC
