As a new monthly close approach, it appears that volatility is back among the top cryptocurrencies by market cap. Although XRP remains stagnant, the technicals show a high probability of a significant price movement.
Ripple’s XRP token continues to consolidate within a tight trading range that is getting narrower over time.
The sixth-largest crypto’s price action over the last twenty days appears to have led to the formation of a symmetrical triangle on the daily chart. A descending trend line can be drawn along with the swing highs, while a rising trend line developed along with the swing lows.
