Ramazan Eles 
Cryptocurrency investors are buzzing about the potential for a Ripple (XRP) bull run as the market gains upward momentum.
Carl “The Moon”, a well-known crypto analyst, has recently drawn attention to XRP with his analysis. He noted that XRP has been trading within a symmetrical triangle for over four years and suggested that a breakout could be imminent.
This symmetrical triangle formation in XRP’s technical chart has caught the attention of many analysts. In January 2018, XRP reached its all-time high of $3.84. However, it has been unable to break out of this symmetrical triangle since then. This pattern often precedes a significant price movement.
XRP could take off with a symmetrical triangle breakout!
In 2021, XRP attempted to break out of the symmetrical triangle during the bull run but failed, reaching $1.96 before retracing.
Analyst Alex Clay recently commented that XRP has broken out of the symmetrical triangle pattern and that the resolution of Ripple’s legal battle with the SEC could further accelerate the process.
According to Clay, with the breakout, XRP could reach intermediate targets of $1.258 and $1.57 in the coming days. The upper target represents a 160% increase from the current price of $0.60.
In the long term, Clay expects XRP to reach $3.10, representing a 416% increase from its current market capitalization. While Clay’s ambitious target still falls short of the 2018 ATH, other analysts, citing the violent rally that took XRP to its 2018 ATH,
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