Ripple XRP Investors are curious about the coin’s potential with its current pattern of trade value. The XRP price shows an ascending triangle, which hints at a bullish breakout incoming.
With a potential crypto bull run looming, XRP looks to rise once again in September. Here’s what the XRP price means for potential investors.
Ripple XRP Price: Should Investors Jump in?
Since June, XRP has produced higher lows and equal highs. Analysts have used trendlines to forecast a potential 25% upswing coming soon. This is determined by adding the distance between the first swing high and swing low to the breakout point at $0.381.
While Ripple XRP is sitting at the bottom of that triangle as of writing, we can see bullish hints in the ascending triangle pattern. For investors looking to splash on Ripple, it’s best to wait for a flip of the $0.340 hurdle into a support floor.
This type of market structure flip would create a higher high and shift the market structure favoring the bulls. Additionally, it will also push buyers to start accumulating the remittance token. In this case, investors can expect Ripple price to make a run for the immediate hurdle at $0.360.
Once clearing this level, Ripple bulls can trigger a run-up to $0.381 inflection point. Based on the aforementioned triangle, this can see XRP run up to $0.477.