Coinspeaker
Will Ripple’s XRP Hit New All-Time High in the Ongoing Bull Cycle?

There have been talks about various coins reaching their all-time highs (ATH). Bitcoin has recently surpassed its 2021 ATH, and there are already suggestions that it might hit another in the coming months. Ethereum, Solana, and major cryptos are also anticipating new heights this year This buzz has also extended to Ripple (XRP), but what are the chances of this happening?

Ripple’s Price Action Gives Some Hope

The price of XRP has been within a triangle since mid-2022, and it has constantly bounced off the triangle, both as resistance and support. At the base of the triangle, there is an ascending trendline that has consistently acted as strong support for the price. At the top, there is a descending trendline that has been a resistance since August 2021.

The triangle is already becoming slimmer and more compressed, indicating that a breakout is imminent. This could happen in two ways: a breakout abov...