The current pattern mirrors the 2023 setup, where price compression led to a breakout. Therefore, a confirmed breakout above this triangle may trigger another strong surge in Super Micro Computer.

Gold consolidates at the edge of the ascending triangle, preparing for its next move, while silver remains bullish above $37 and is consolidating to ease short-term overbought conditions.

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The analyst spotted XRP forming a symmetrical triangle pattern. Let's dig deeper into the technical analysis.

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XRP traders say it has the potential to rally to $14 if a technical setup similar to that in 2017 plays out, but a bull pennant breakout will be needed soon.