XRP Price Action: Symmetrical Triangle Pattern Fuels Optimism

A recent post by prominent crypto influencer Amelie has sparked significant discussions within the XRP community. The tweet, which highlighted an intriguing chart shared by Bitrue, showcased a symmetrical triangle pattern in XRP’s price movements.

This pattern has led to speculation that a breakout could be imminent. Amelie tied this potential price action to two key upcoming events: Donald Trump’s inauguration and SEC Chair Gary Gensler’s resignation, both slated for January 20, 2025.

“WOW! BITRUE HINTS AT A POSSIBLE SURGE OF THE #XRP CHART, BREAKING OUT OF ITS TRIANGLE! TRUMP’S INAUGURATION AND GENSLER’S RESIGNATION ON JANUARY 20TH COULD BE A HUGE CATALYST FOR XRP TO EXPLODE!” she stated.

WOW! 💥

BITRUE HINTS AT A POSSIBLE SURGE OF THE #XRP CHART, BREAKING OUT OF ITS TRIANGLE! 📈

TRUMP’S INAGURATION AND GENSLER‘S RESIGNATION ON JANUARY 20TH COULD BE A HUGE CATALYST FOR XRP TO EXPLODE! 🚀 pic.twitter.com/i6KGxfjmGi

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) January 13, 2025

Community Opinions on XRP Price Action

The conversation under Amelie’s post captured differing perspectives within the XRP community. Gavin, a fellow user, speculated that XRP could experience a temporary decline on January 15th before rebounding on January 20th, coinciding with broader market dynamics.

“XRP will dump on the 15th followed by Gensler’s follow-through of appeal. Then it’ll pump on 20th with everything else. My opinion,” Gavin commented.

Regulatory Impact: SEC Appeal and Market Sentiment

In a related development, Jeremy Hogan, a well-respected attorney within the cryptocurrency community, recently weighed in on the SEC’s ongoing case against Ripple.

Hogan addressed the upcoming January 15, 2025, filing deadline for the SEC’s appeal, describing it as a procedural requirement. He downplayed its impact, stating, “This is still Gensler’s SEC,” and clarified that the filing is unlikely to bring immediate resolution, whether through settlement or dismissal.

Technical Analysis and Market Projections

The symmetrical triangle pattern visible in the chart is often associated with a period of consolidation before a decisive move, either upward or downward.

Given XRP’s past volatility, this pattern has fueled optimism among supporters. However, caution remains as other factors, including regulatory developments, could influence the token’s trajectory.

Share on Facebook

Post on X

Related Stories:

Ripple (XRP) price poised for a massive 43% rally as W-bottom pattern emerges DOGE Price Poised for 20% Jump as It Forms an Ascending Triangle on the Char XRP Half-Mast Flag Pattern Signals Potential $502 Billion Market Cap Orry Threatens Legal Action Against Influencer Ruchika Lohiya Viral Clip Meghan Markle Fuels Divorce Rumors by Stepping Out Without Engagement Ring Yami Gautam’s Viral Video Fuels Pregnancy Speculation: What’s the Buzz? Nisha Guragain Leaked MMS Video: TikTok star seeks legal action How To Treat Male Pattern Baldness?