{"id":58690,"date":"2025-04-11T21:00:07","date_gmt":"2025-04-11T21:00:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=58690"},"modified":"2025-04-11T21:00:07","modified_gmt":"2025-04-11T21:00:07","slug":"xrp-price-flashes-symmetrical-triangle-from-2017-a-repeat-could-send-it-as-flying-to-30","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=58690","title":{"rendered":"XRP Price Flashes Symmetrical Triangle From 2017, A Repeat Could Send It as Flying To $30"},"content":{"rendered":"

The XRP price may be gearing up for a historic breakout<\/a> as a long-term Symmetric Triangle pattern from 2017 resurfaces on the charts. If history repeats and a similar explosive move follows, a crypto analyst predicts XRP could skyrocket to an eye-popping $30.\u00a0<\/p>\n

XRP Price Triangle Pattern Signals Breakout Above $30<\/h2>\n

A new technical analysis by Egrag Crypto, a crypto analyst on X (formerly Twitter), has stirred excitement<\/a> among\u200b\u200b XRP supporters, suggesting<\/a> that the digital asset may be on the brink of a historic price surge and that XRP could jump from its current market value of $2 to reach $30 soon.<\/p>\n

While this figure may seem rather ambitious, Egrag Crypto has identified a massive Symmetrical Triangle formation<\/a> on XRP\u2019s monthly chart. Interestingly, the analyst has revealed that this pattern is strikingly similar to one that preceded XRP\u2019s legendary 2,600% rally in the 2017 bull market.\u00a0<\/p>\n

In the 2017-2018 bull market<\/a>, XRP had surged to an all-time high of $3.84 in just months. Now, after years of tightening price action within a giant Symmetrical Triangle, the altcoin appears to be breaking out once again, and this time, the analyst predicts that the upside could be even more explosive.\u00a0<\/p>\n

According to Egrag Crypto\u2019s chart, if the asset mirrors its previous 2,600% triangle breakout, it could soar from the breakout zone around $1.20 to as high as $32.36. Notably, XRP\u2019s Symmetrical Triangle formation is a classic consolidation pattern that usually results in a bullish surge in the direction of the prevailing trend.\u00a0<\/p>\n

Currently, XRP\u2019s all-time high is $3.84<\/a>. A potential surge to $32.36 would represent a whopping 741.6% increase, propelling its price to a level far exceeding its historical peak.\u00a0<\/p>\n

Bullish Pennants Strengthen Symmetrical Triangle Forecast<\/h2>\n

Egrag Crypto\u2019s bullish forecast for XRP <\/a>is supported by a textbook diagram comparing bullish pennants and symmetrical triangles, both of which point to double target zones once a breakout occurs. The pattern suggests that once the altcoin escapes its multi-year consolidation<\/a>, the analyst\u2019s projected rally may play out in three stages: an initial pump, followed by a retracement, and a second explosive move.\u00a0\u00a0<\/p>\n

The XRP price chart shows a lower target, around $3.52, which aligns with the 1.0 Fibonacci retracement level<\/a>. This indicates that the token could see a temporary rebound to 3.52, followed by a short-term pullback<\/a> to the triangle breakout point at $1.20, before ultimately bouncing toward the projected $32.36 target.\u00a0<\/p>\n

Notably, this movement aligns with XRP\u2019s current market structure, where it has maintained long-term support and is now showing signs of upward momentum. While historical price patterns offer insights into potential moves, the predicted rise to $32.36 is uncertain, given the magnitude of such a rise.<\/p>","protected":false},"excerpt":{"rendered":"

The XRP price may be gearing up for a historic breakout as a long-term Symmetric Triangle pattern from 2017 resurfaces on the charts. If history repeats and a similar explosive move follows, a crypto analyst predicts XRP could skyrocket to an eye-popping $30.\u00a0 XRP Price Triangle Pattern Signals Breakout Above $30 A new technical analysis […]<\/p>\n","protected":false},"author":0,"featured_media":58691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58690"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58690"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/58691"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}