On February 12, 2025, crypto analyst Ali shared a technical analysis of XRP, suggesting a potential breakout from a symmetrical triangle formation. In his post on X, Ali stated, “If this is a symmetrical triangle, $XRP has broken out and is targeting $15!” His analysis was accompanied by a TradingView chart illustrating a long-term symmetrical triangle pattern, with XRP appearing to have broken above the upper resistance line. If this is a symmetrical triangle, $XRP has broken out and is targeting $15! pic.twitter.com/ppJTuRbbp7 — Ali (@ali_charts) February 13, 2025 Technical Analysis Breakdown Ali’s chart presents a symmetrical triangle pattern forming since 2018. This pattern is characterized by a series of lower highs and higher lows, converging toward an apex. A breakout from this formation typically signals a strong price movement in the direction of the breakout. The Fibonacci retracement levels displayed on the chart provide additional context for price targets. The breakout appears to have occurred around the $0.75 level, with the next major resistance at approximately $2.75 (the 1.0 Fibonacci level). Beyond that, the 1.272, 1.414, and 1.618 Fibonacci extensions suggest potential price targets at $6.08, $9.22, and $16.73, respectively. Ali’s claim that XRP could reach $15 aligns closely with these Fibonacci extensions, indicating a possible long-term target if bullish momentum continues. Community Reactions The tweet sparked mixed reactions from the crypto community. Some users expressed skepticism, while others acknowledged the validity of the technical setup but cautioned about the need for confirmation. One user, dogekid, expressed doubts about the breakout’s sustainability, commenting, “na bro, smells like we’re going downhill for a little bit. but that’s just me… I don’t know anything!” This reflects a bearish sentiment, suggesting that XRP’s recent price movement might not hold and could be followed by a decline. On the other hand, Paulhendriks pointed out a key characteristic of symmetrical triangles, stating , “Most of the time symmetrical triangles need a retest before the real move up. And why does your triangle start around $0.07?” His observation suggests that XRP might need to pull back and confirm its breakout level before establishing a solid uptrend. This aligns with traditional technical analysis, where a retest often strengthens the validity of a breakout. Meanwhile, Sitraka expressed frustration with the frequency of bullish predictions in the crypto space, saying , “For weeks now, every day, you’ve been telling us that an Alt is going to pump now, but still nothing. We just need to be patient. No need to stress with chart ‘analysis.’” His comment highlights the sentiment of traders who feel that constant bullish projections have yet to materialize into significant price moves. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 These reactions highlight the ongoing debate between bullish traders who see a confirmed breakout and bearish traders who believe a pullback is likely. The discussion also underscores the broader skepticism in the crypto community regarding frequent price predictions, emphasizing the need for patience and additional confirmation before expecting a sustained uptrend. Ali’s technical analysis presents a compelling case for a potential bullish breakout in XRP . If the symmetrical triangle pattern holds and XRP maintains upward momentum, Fibonacci extensions suggest that a $15 target is within reach. However, skepticism from community members and the need for confirmation through volume and retests indicate that caution is warranted. As with any technical analysis, traders should consider multiple factors before making investment decisions. While Ali’s prediction is optimistic, market conditions and external influences will ultimately determine whether XRP can reach the projected price levels. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post If This Is a Symmetrical Triangle, XRP Has Broken Out to Target $15 appeared first on Times Tabloid .
