XRP may be ready for a major move

Technical analysts are closely watching XRP, which has recently broken out of a 112-day downtrend. If the bullish trend continues, XRP could soon reach $2.80 and even potentially set a new all-time high. Some bullish price targets suggest it could rise as high as $5.65, especially if it continues to hold above key support levels.

The XRP/BTC trading pair also looks promising. Currently, this pair is trying to break out of a 'falling wedge' pattern—often a sign of a major move in the upward direction.

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