Xrp (XRPUSD) is retesting a major confluence of support:
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For a couple of years now, Xrp has been trading in a bullish symmetrical triangle pattern. As we are speaking, Xrp is retesting the lower support trendline and also a horizontal support level. It is quite likely, that we will eventually see a breakout above both triangle patterns on Xrp.
Regardless of who will actually be the new U.S. president, cryptos will rally during 2026. Price is always ahead of the news and all things considered, Xrp is looking very bullish. This consolidation triangle will eventually end and the path of least resistance is clearly higher.
Patience is again your closest friend because it was just a matter of time until Xrp will finally break above the first of two bullish triangle patterns. Now there is only the larget triangle left and if Xrp actually manages to also break above this trendline, we will see new all time highs.
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