XRP Price Breakout Imminent as Triangle Nears Collapse

XRP's price has been hovering around $1.49 as it forms a tightening triangle in late October, with key support at $1.37 and resistance near $1.60.

The cryptocurrency's technicals show a clear battle between the rising lower line from the mid-August low of roughly $1.00 and the falling upper line from the August high of $1.70.

Analysts are targeting $1.65 first, followed by $1.70 if support holds, and XRP spot ETFs have posted an 11th straight week of inflows, adding $75.59 million last week.