XRP (CRYPTO: $XRP) has formed a bullish chart pattern known as a “triangle breakout.” 

The XRP token is up 4% in the last 24 hours and trading at $1.14 U.S. as investors and traders chase a potential big move higher in the cryptocurrency.

Analysts say that XRP could vault as high as $1.35 U.S. following the formation of the triangle breakout pattern. 

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The token’s 24-hour range has been $1.08 U.S. to $1.14 U.S., giving it a market capitalization of $70.85 billion U.S.

A triangle breakout pattern is a technical analysis setup where an asset’s price consolidates between two converging trendlines before…