• XRP hit a seven-year-high, fulfilling a bullish prediction with a strong triangle breakout.
• Positive metrics, including increased transactions and whale activity, support XRP’s bullish momentum.

Ripple [XRP] has climbed to a seven-year-high, hitting $3.39 for the first time since January 2018, igniting renewed interest among investors.

Within just eight hours, XRP saw 2,365 whale transactions exceeding $100K, marking the highest spike in activity since late December. 

Additionally, over 511,430 new non-empty wallets were added in the past two months, reflecting strong accumulation. At press time, XRP was trading at $3.27, up by 5.83% in the last 24 hours, solidifying its upward momentum.

XRP smashes $3.00 target

Earlier, AMBCrypto had highlighted a descending channel breakout as a key bullish indicator for XRP, with a projected target of $3.00.

The chart perfectly aligned with the recent rally, as XRP not only achieved but surpassed this milestone, establishing $3.00 as a strong support level. 

The token’s continued rally reinforces the validity of the earlier prediction and underscores the strength of its breakout. Therefore, XRP’s ability to build on this technical pattern signals the potential for higher targets.

Triangle breakout: XRP powers past resistance

The symmetrical triangle breakout has been a major turning point, signaling a strong continuation of its bullish trend. After breaking out, XRP successfully retested the $2.00 support zone and established $3.00 as a new base.

The price surged above this level with significant momentum, supported by strong trading volumes. With the

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Author: Erastus Chami