Increase in XRP Price: New Targets After Breakout to $2.24

XRP has surpassed critical resistance, recently trading at $2.24 with a daily increase of 3.76%. This price increase follows a breakout from a descending wedge pattern, a common chart signal for a bullish reversal. Based on this pattern, analysts expect that XRP could reach between $2.4978 and $2.7665, using the height of the wedge added to the breakout level.

The asset currently has a market capitalization of $132.12 billion and a 24-hour trading volume of $2.44 billion, reflecting high interest. Although it has recorded a decline of 3.30% on the weekly chart, a gain of 3.45% over the last month suggests growing strength over time.

Chart watchers also point to a reliable support area between $2.05 and $2.12, reinforcing the optimistic tone. As XRP moves above the barrier of $2.10–$2.20, the next resistance milestones are expected at $2.4978 and $2.7665.

XRP

2.278

+4.33%