XRP Price Chart Points to Bullish Breakout to $11

A rare chart pattern in XRP's history suggests that the cryptocurrency's price may be preparing for a bullish breakout to $11. Analysts point out that this prediction is based on math, rather than guesswork, and is rooted in technical analysis.

The chart in question shows that XRP has completed two legs of a larger pattern, with the third leg potentially mirroring the first one. If this is indeed the case, it would put the price at $11.

However, for this prediction to come true, XRP needs to hold its current support zone of $1.10 to $1.38. A break below this level would indicate a deeper correction, rather than a breakout.

XRP's price is currently testing support between $1.10 and $1.29, with some analysts suggesting that it may attempt to form a low in this range. A break above $1.49 would be the first indication that a low has formed in wave 2/B.