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One of the technical formations observed in the XRP price is emerging as the symmetrical triangle formation. Experts state that such a formation usually lays the groundwork for significant price movements. The symmetrical triangle is a chart pattern that indicates the price may show a sharp movement upwards or downwards after being compressed for a certain period. The display of this model by XRP raises expectations for a strong upward movement.
In addition to this technical pattern, it is reported that the market value of XRP has shown a significant increase recently. Analysts point out that the increase in capital inflows and the regular rise in trading volume have contributed to the bullish expectation. This increase leads to a positive outlook in market expectations.#Altcoin ETF Watch