XRP is currently trading at $2.29, down 0.87%, after weeks of consolidation between $2.27 and $2.65.
Yearly candle formation, specifically Candle 12, displayed a rare bullish engulfing pattern, signaling a potential major breakout.
Investors are closely monitoring Candle 13, with speculations of triggering a breakout towards $13 to $22, supported by historical data and price analysis.
A close above $3.40 could confirm a rally, while a drop below $1.85 might invalidate the bullish scenario for XRP in the coming months.