Ascending Triangle Forming On XRP Chart: Top Chartist Sees a Rocket Surge to $3.7.
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With each passing day, bullish sentiments on XRP price movements seemed to emerge following the outcome of the legal dispute between Ripple and the United States Securities and Exchange Commission (SEC).
In one of the most recently surfaced price predictions, Coinskid, a renowned crypto analyst, took to Twitter to hint at a possible XRP price surge emanating from an ascending triangle. Per Coinskid, this newly discovered pattern could catapult XRP’s worth to about $3.7442, implying a 430.6% surge.
An ascending triangle could be said to be a bullish continuation pattern, indicating a possible upside breakout. The formation is usually depicted by a horizontal resistance line and a rising support line, highlighting increasing buying pressure as the price consolidates.
Coinskid noted that the compression in price action would lead to expansion that could birth the onset of a significant price movement
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