XRP, the digital asset linked to Ripple, is drawing attention as traders anticipate a significant price movement. Recent technical analysis suggests that <a href="https://cryptotale.org/xrp-sees-fluctuations-crucial-breakout-or-rejection-ahead/" rel="noopener noreferrer nofollow">XRP</a> could be on the brink of a notable breakout, potentially triggering a strong upward rally. The focus is on two key indicators: a rising support trendline and a long-term relative strength index (RSI) pattern.In a recent post by Amonyx, the analyst pointed to a critical setup in the weekly chart. XRP/USD shows a pattern of higher lows since 2014, forming a strong ascending trendline. This trendline has acted as a reliable support level on three occasions, as highlighted in the chart. Traders interpret this as a bullish signal, suggesting that XRP is building momentum for a substantial price surge. Historically, similar patterns have led to sharp upward movements, as indicated by the highlighted area during the 2017 bull run.In another <a href="https://x.com/jaydee_757/status/1829281081289490486" rel="noopener noreferrer nofollow">post</a> by analyst JD, he focused on a long-term perspective, analyzing XRP&#39;s market cap chart. XRP&#39;s market cap on a monthly timeframe shows a series of rejections at a descending trendline. This trendline has suppressed XRP&#39;s market cap growth since 2018. However, the chart also shows a rising support level, creating a tightening triangle pattern. The RSI, a momentum indicator, is approaching the apex of a similar descending trendline. Once this trendline is breached, analysts expect XRP to enter a parabolic rally.Related: <a href="https://cryptotale.org/xrp-could-reach-10-4-if-bitcoin-hits-80000-analyst/" rel="noopener noreferrer nofollow">https://cryptotale.org/xrp-could-reach-10-4-if-bitcoin-hits-80000-analyst/</a><a href="https://cryptotale.org/xrp-price-surge-expected-rising-trendline-point-to-breakout/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

XRP Price Surge Expected: Rising Trendline Point to Breakout

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