XRP confirms bullish breakout with BOS and CHoCH, signaling a clear momentum shift upward.
Analysts eye $2.36–$2.42 next, with $2.14–$2.17 seen as key re-entry support for traders.
Institutional interest grows as XRP joins Nasdaq index and expands ODL, boosting long-term outlook.
XRP is currently trading at $2.25, showing signs of renewed momentum. The token has rebounded after recent consolidation, and analysts say it may be poised for a move to the top of this cycle. Short-term technical signals are aligning with increased institutional interest and regulatory clarity, suggesting further gains could be possible.
Technical Chart Breakouts Signal Momentum Shift
According to analysis prepared by Crypto Patel via X, XRP recently confirmed a bullish breakout on the 4-hour chart. The chart displayed a clear change of character (CHoCH) followed by a break of structure (BOS), which is often seen as a strong bullish signal.
XRP also broke above a key trendline and established higher lows and higher highs, indicating a shift toward an uptrend. The token is currently testing the $2.29 fair value gap (FVG), and analysts believe a move toward $2.36 and $2.42 could follow.
https://twitter.com/CW8900/status/1931673802657919259
A pullback into the $2.17–$2.14 FVG zone is being monitored as a potential re-entry point for traders. This zone has strong technical confluence, with support from both recent price action and trading volume clusters.
Institutional Drivers and Broader Market Support
XRP's recent rise is supported by expanding institutional interest. XRP was recently added to the Nasdaq Crypto US Settlement Price Index, increasing visibility among institutional investors. This inclusion is seen as a possible step toward future exchange-traded fund (ETF) approval.
Ripple’s global push for its payment infrastructure also supports long-term growth. The use of XRP in cross-border transfers through Ripple’s On-Demand Liquidity (ODL) system has increased, according to company statements. XRP is also being used in central bank digital currency (CBDC) pilots, with over 20 countries participating.
Analysts such as EGRAG Crypto suggest that XRP may break out further by mid-June, with a continuation possible into August. If current trends continue, XRP could be heading to the top of this market cycle.
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