$XRP A new technical analysis from Cointelegraph suggests that XRP may be about to experience a strong price increase. Currently, XRP is moving within a "symmetrical triangle," a pattern that often precedes a major breakout.

Key points of the analysis:

- Price target: The analysis indicates that XRP could reach $4 in the short term if it breaks the current resistance. In the long term, a possible "cycle peak" above $20 is projected.

- Recent correction: Despite having fallen 22% from its peak of $3.66, XRP has recovered to approximately $3, which analysts view as a consolidation phase before the next big movement.

- Bullish scenarios: Experts are considering two main scenarios: a correction similar to past cycles or a distribution phase that will culminate in a "Wave 3" upward. Both scenarios suggest that a significant bullish movement is imminent.

- Breakout confirmation: To confirm the bullish breakout, XRP's price needs to close above the upper limit of the triangle on the daily chart, specifically above $3.

Technical analysts see a very positive outlook for XRP, with multiple indicators pointing to a potential significant rise in the near future, with targets ranging from $4 to $20. 😱 what do you think?