$XRP – Bulls Eyeing Key Resistance Break
The
$XRP price action has been forming a series of higher lows along with key support zones and resistance trendlines, indicating a potential breakout. The price is currently testing critical levels that could define its next move.
Key Observations:
Resistance and Support Zones: The $2.63 level is crucial support, and we have seen multiple RT/SR (Resistance Turned Support) tests. A bounce here could push
$XRP towards the $2.65 resistance zone and beyond.
Trendlines: The downtrend in the short-term (black line) and the uptrend (green line) are converging near the $2.65-$2.68 range, which will be pivotal for a breakout.
Next Target: If XRP manages to break the resistance zone around $2.68, the next major target could be around $4.50 to $5.00.
Bullish Case: If price sustains above the $2.63-$2.65 region, the next target levels are $3.50 and $4.50 as indicated in the green zone.