XRP Triangle Breakout Imminent as Whales Remain Quiet

XRP has been consolidating within a triangle formation, and cryptocurrency market watcher Ali Charts believes a breakout is imminent.

The token's price has been stuck near $1.50 for several sessions, with daily data showing it holding within the $1.48-$1.50 region after facing selling pressure earlier in the week.

Ali Charts highlights that whales have remained relatively quiet over the past week, with no significant changes in their XRP positions, indicating they are likely sitting on the sidelines until the direction of movement becomes clear.

The analyst sets a key level at $1.53, and if XRP closes above this threshold on a 4-hour chart, it could confirm a bullish breakout and open the way toward $1.62, representing an approximately 8% gain from current levels.