$USDC $XRP
Could XRP Be Gearing Up for a Massive Breakout to $27?
XRP is trading at $2.18 after a 3% dip, but behind the scenes, a powerful setup is forming. Despite hovering under $2.20 for two weeks, on-chain activity remains strong with over 2 million daily transactions—a sign of persistent accumulation.
Analyst EGRAG Crypto has identified $2.65 as the crucial “go-go” breakout level. XRP has been trapped in a multi-month “mega falling wedge” since its $3.40 peak in January. A confirmed move above $2.65 could trigger a rally, with $27 as the long-term target.
Recent attempts to break the wedge failed at $2.65, reinforcing its importance. But fundamentals are shifting fast: Brazil’s B3 launched the first XRP ETF, CME added XRP futures, and over $200M flowed into institutional wallets in May. Companies like VivoPower and Webus are also adopting XRP as a treasury asset.
With ETFs, futures, and corporate reserves piling in, XRP’s technical breakout may just need one final push. Could $2.65 be the spark that ignites a run to $27?
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