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XRP could rise 60% in the next few days after breaking out of the current symmetrical triangle pattern. A symmetrical triangle is considered a bullish continuation pattern when price breaks above the upper trend line and trading volume increases. This was also the case for XRP, which entered the breakout phase of the triangle pattern on January 11th. The breakout target for a symmetrical triangle is determined by adding the maximum height of the pattern to the breakout point. Applying this rule to the XRP chart, the upside target is approximately $4.

As of January 12th, XRP is showing signs of retreating towards the lower trendline of the triangle at $2.37. A break below this support invalidates the symmetrical triangle breakout scenario and makes a drop near the lower trendline of the pattern more likely. This downside objective is consistent with the 50-12H exponential moving average (50-12H EMA, red wave) around $2.30. However, if the upper trend line holds, the likelihood of XRP reaching the $4 symmetrical triangle target remains high.

"Mr. Paul has always believed that SEC enforcement is sometimes overreaching, inconsistent, and in need of significant reform, so we expect reining in SEC enforcement will be a top priority for Mr. Paul." Under Atkins’ new SEC leadership, expectations are high that attitudes towards Ripple and crypto regulation will become more favorable, and reduced legal uncertainty could help XRP price reach $4. .

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