XRP News: Breakout from Symmetrical Triangle Sets Stage for Potential $15 Price Target

Ripple’s native token, $XRP, has seen significant movement in the cryptocurrency market, breaking out of a long-term technical pattern that could pave the way for substantial gains.

$XRP Sees Breakout from Years-Long Symmetrical Triangle, Targets $15

$XRP, Ripple’s native token, has recently broken out of a multi-year symmetrical triangle on the monthly chart, indicating a potential bull rally to $15. The breakout has boosted investor confidence in the cryptocurrency. Crypto analyst Ali provided insights into the current positive outlook of $XRP and its further price movement.

Whales Accumulate Over 150 Million XRP In 48 Hours – Potential Rally Incoming?

XRP has found stability above crucial demand levels after weeks of selling pressure. Despite market volatility, XRP remains within a long-term range. Analysts speculate about a potential breakout, and on-chain data reveals that whales have accumulated over 150 million XRP in the last 48 hours, which could signal a larger price move to the upside.

Ripple (XRP) Price Rebounds on SEC Settlement Talks

Ripple’s XRP price rebounded above $2.42 on Friday, marking a 28% recovery from the weekly timeframe low of $1.90. The rally was fueled by the U.S. Securities and Exchange Commission’s (SEC) kicking off settlement talks with Ripple, and speculations that Blackrock could launch altcoin derivatives products.

Russia’s Central Bank Regulates Crypto as Banks Back XRP—Who Wins?

Russia’s crypto regulation is undergoing a significant transformation, with the Bank of Russia and the Ministry of Finance setting up an experimental framework for qualified investors. This comes as the Russian crypto market adapts to international sanctions, and crypto regulations evolve globally. The new regulatory framework limits participation to individuals with assets of at least 100 million rubles ($1.1 million). XRP is mentioned as a digital currency backed by major players.