$XRP 🔥XRP breaks the 6-month resistance, with a target of $5.85 to $66.96 using Fibonacci levels.
XRP sees its first outflow in 80 weeks as the market turns despite the bullish breakout.
Dubai chooses XRP Led for a $16 billion real estate tokenization project, boosting its adoption.
XRP has broken its 6-month resistance for the first time in years, prompting new price targets from analysts. Fibonacci projections now range from $5.85 to a high of $66.96. Although technical data appears bullish, XRP recorded $37.2 million in outflows, the first in 80 weeks, raising doubts about the momentum. For the first time in years, XRP has surpassed its 6-month resistance. According to Dark Defender, the token broke the resistance line around $1.88, which had held since 2018.
The breakout is a confirmation of a change in the price structure on a higher time frame. Support levels are now at $2.22 and $1.88. These are the zones that would form a base if prices retrace.