Analysis: XRP eyes $1.35 for long-term bullish confirmation

XRP broke above a large symmetrical triangle pattern on the weekly chart in November, signaling the end of a seven-year consolidation phase, according to Cointelegraph, citing TradingView data. Notably, this breakout mirrors a similar pattern from March 2017, which preceded a massive 46,440% price rally. As of Nov. 18, XRP is consolidating between the 0.236 and 0.382 Fibonacci retracement levels, ranging from $0.87 to $1.35. To confirm a long-term bullish cycle, XRP must break above the $1.35 mark, Cointelegraph stated.