bullish

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The popular cryptocurrency&nbsp;<a href="https://u.today/652-million-in-xrp-triggers-bullish-momentum" rel="noopener noreferrer nofollow">XRP</a> has suddenly emerged as the outperformer of the entire top 10 cryptocurrencies, with nearly 10% growth in the last seven days. Thus, according to CoinMarketCap, the closest asset to XRP in terms of growth in the period under review was&nbsp;<a href="https://u.today/marathon-ceo-breaks-silence-on-microstrategys-saylor-after-11-billion-bitcoin-buy" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>, with a 7.3% increase.&nbsp;
As a result of this price action, XRP came to $0.5914 and reached a market cap of $33.34 billion.
Although XRP beating the entire top 10 is something of a surprise, the growth of the popular cryptocurrency is something that has been expected for a few weeks.&nbsp;
As previously reported by U.Today, XRP's price chart showed some serious bullish signals earlier this week, including an inverted head-and-shoulders pattern that is above the 50-week and 200-week moving averages. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="013e4680-e2e8-4226-91d2-325c88a2d824" src="https://u.today/sites/default/files/inline-images/XRPUSD_2024-09-17_19-47-44.png">Source: <a href="https://www.tradingview.com/x/V6w2Zve7/" rel="noopener noreferrer nofollow">TradingView</a>
Speaking of the head and shoulders pattern, it is worth watching how the price reacts at the $0.65 level, where the neckline is located. If successfully breached, it will open the way for further&nbsp;<a href="https://u.today/xrp-outperforming-as-crypto-market-awaits-fed-rate-decision" rel="noopener noreferrer nofollow">XRP price</a> appreciation.&nbsp;
Looking at historical price patterns, it seems that XRP has a chance to break above this zone, possibly toward the $1 point. This would be a typical target for such a formation.
The longer term indicators look good as well. The monthly chart shows a symmetrical triangle pattern, which often means that a big breakout could be on the way. The technical models say that if the upper trendline is broken, XRP could go as high as $4.20.

XRP Dominates Top 10 With Unmatched 7-Day Growth

U_Today

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