XRP holds above $2.41 with momentum building toward $2.5096 after a clean breakout and strong volume confirmation.
XRP dominance breaks 4.10% wedge ceiling, reversing a multi-month downtrend and targeting the 5.60%–6.00% zone.
XRP gains strength in price and dominance, reclaiming short-term levels with a structure reset and fresh buying activity.
XRP has broken out cleanly from a bullish pennant on TradingView, confirming continuation after a strong consolidation. The setup shows clear strength as XRP builds momentum toward the projected $2.5096 target.
TradingView Chart Shows Textbook Breakout Structure
XRP jumped from $2.30 to $2.4170 earlier today, forming a sharp flagpole before compressing into a tight pennant. Support held at $2.3627 while volume spiked to 1.05 million XRP at the breakout. Price closed strong at $2.4124 and now eyes the full flagpole projection at $2.5096.
At this point in the formation, XRP showed consistently higher lows while candles remained tight inside the pennant. The breakout came with real volume acceleration, not speculative wicks. Price action between $2.35 and $2.41 built pressure until the upside break triggered.
The chart confirms XRP’s structure as a classic continuation setup. The rally has stayed clean, with price holding above reclaimed levels. As long as $2.41 holds, XRP remains in breakout territory. A close below $2.36 would weaken this structure.
From this move, XRP stays in a bullish zone with buyers defending short-term support. The breakout reflects intraday momentum and a clear reclaim of short-term trend structure. XRP remains in focus as the market tracks its push toward the $2.50 area.
XRP Dominance Surges With Wedge Breakout
XRP dominance has broken above 4.25%, ending a four-month wedge formation and shifting the market’s tone. This breakout, tracked by CryptoWZRD, signals renewed strength and rising traction in altcoin market share.
After the breakout, CryptoWZRD reported that XRP dominance pierced the wedge ceiling at 4.10% and closed at 4.21%. This move reversed a multi-month downtrend that began in March. The dominance chart shows repeated defenses at 3.75% and rising lows through June.
With the current structure, CryptoWZRD notes that XRP dominance is now heading toward the 5.60%–6.00% zone. That area marked resistance in Q1 and hasn’t been touched since February. Reclaiming short-term moving averages reinforces the shift.
He adds that the dominance move mirrors the December 2023 breakout that triggered a sustained altcoin rally. Volume has returned, and the reclaimed trendline removes the ceiling that capped upside moves for months. Staying above 4.00% could keep momentum alive.
XRP dominance now shows a clear reversal. With strength holding and structure reset, the chart supports further expansion in the coming sessions.
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