SEC Drops Case—Is XRP Ready for a 75% Breakout?

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Ripple still faces a legal hurdle with an injunction preventing XRP sales to institutional investors, but price chart technicals are showing promise nonetheless.

XRP price has recovered by almost 30% in the last two weeks, led by a crypto market rebound, and Ripple’s long-running legal battle against the US Securities and Exchange Commission (SEC) comes to an end.

XRP symmetrical triangle puts 75% rally in play

XRP’s bullish technicals appear as it forms what appears to be a symmetrical triangle pattern.

A symmetrical triangle is considered a classic bullish continuation setup that forms after the price consolidates inside a range formed by converging trendlines after a strong uptrend.


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