XRP holds above $2.22 breakout level, setting sights on $4.5 as bullish momentum builds.
On-chain data shows rising investor interest, with a 4.2% jump in XRP’s realized capitalization.
AWS explores XRP payments integration, signaling growing enterprise and institutional interest.
XRP is holding firm above a key resistance zone after breaking through earlier this week. Market participants now look toward a potential continuation toward the $4.5 level. The recent price action, supported by on-chain and technical indicators, reflects growing interest and positioning from larger investors.
Technical Setup Supports Further Upside
According to analysis prepared by Solberg Invest via X, XRP has successfully broken through a key resistance level and is now holding the retest. The next technical target lies near $4.5, provided the price maintains strength above the $2.22 breakout level. XRP currently trades around $2.25.
https://twitter.com/SolbergInvest/status/1934319052853543106
Charts show XRP recently faced rejection at $2.18 and $2.22, which now act as short-term resistances. The 50-period exponential moving average (EMA) sits at $2.19, and a close above this level may confirm bullish continuation.
The MACD indicator has shown a minor crossover, and RSI remains near neutral, signaling potential for upward momentum. CW8900 noted via X that “XRP is breaking through the sell wall one by one,” indicating improving market strength and thinning resistance ahead.
Institutional Interest and On-Chain Growth Drive Sentiment
According to data from Glassnode, XRP’s 30-day realized capitalization has increased by 4.2%, surpassing Solana’s 1% rise over the same period. This rise suggests that short-term capital is rotating into XRP at a faster pace, signaling investor confidence.
Amazon Web Services has also confirmed interest in exploring XRP for payments. A dedicated AWS team is reportedly reviewing XRP integration. John Squire via X stated this could improve XRP’s visibility in the enterprise sector.
Meanwhile, analysts forecast long-term targets as high as $8 and $19, respectively. These projections are based on long-term triangle formations and Elliott Wave theory. Crypto Beast noted XRP is still in a consolidation phase similar to prior cycles.
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