AI-driven analysis predicts a surge to $2.85 in the coming weeks—here’s what you need to know.
$XRP Bulls Take Charge as Bearish Setup Fails
$XRP is gearing up for a powerful upward move, with technical indicators suggesting a potential rally toward **$3.40**—a level last seen in mid-January. The cryptocurrency recently invalidated a major **head-and-shoulders (H&S) pattern**, a bearish signal that had previously hinted at a deeper correction.
Instead of plunging further, XRP$XRP staged a strong recovery, reclaiming the **$2** support level and surging past **$2.50**, signaling a shift in market momentum. This failed breakdown has trapped bearish traders, leaving bulls in control with a clear path toward higher prices.
Why XRP Could Explode Higher
1. Failed Bearish Breakdown = Bullish Reversal The H&S pattern breakdown in early April briefly pushed XRP to **$1.60**, but the price quickly reversed.
- The swift recovery above **$2** confirmed a false breakdown, a classic bullish reversal signal.
2. Strong Support from 200-Day Moving Average**
- Unlike Bitcoin, which dipped below **$75,000** in April, XRP remained resilient, holding firmly above its **200-day SMA**—a key indicator of long-term bullish sentiment.
3. **Volume Spike Confirms Bullish Momentum**
- The recent breakout above **$2.40** was accompanied by **high trading volume**, indicating strong buying interest.
- AI-assisted models from **CoinDesk Research** suggest XRP could hit **$2.85 by June 1**, with some analysts eyeing **$3.40** or even higher.
### **What’s Driving the Optimism?**
- **Ripple’s Legal Wins**: Positive developments in Ripple’s **SEC lawsuit** continue to boost confidence.
- **Crypto-Friendly Political Climate**: With a **pro-crypto Trump administration**, market sentiment remains bullish.
- **Technical Breakout**: The ascending channel formation suggests **continued upward momentum**.
### **Key Levels to Watch**
- **Immediate Resistance**: **$2.85** (AI short-term target)
- **Next Major Target**: **$3.40** (January high)
- **Support Levels**: **$2.40** (recent breakout zone), **$2.00** (strong psychological support)
# **Final Thoughts**
XRP’s price action resembles a **basketball player faking out a defender**—the bears jumped too early, and now the bulls have a clear shot at higher levels. With strong technicals, legal tailwinds, and bullish market sentiment, **XRP could be on the verge of a major breakout**.
*Will XRP smash through $3.40 next? Keep an eye on trading volume and key resistance levels for confirmation.*
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*Disclaimer: This is not financial advice. Always conduct your own research before investing.*
