XRP Breakout Alert: Technical Indicators Show Possible Breakout at $3.60
#XRP is approaching a key inflection point, with several technical indicators signaling a breakout.
A clear cup and handle pattern coupled with a tight EMA squeeze pattern signal increasing bullish momentum.
Key support is at $2.07, with an upside target at $2.22 and a long-term target around $3.61.
XRP is quickly approaching a key inflection point that could determine its next major price move. According to renowned chart analyst DefendDark, the convergence of several technical indicators, including key trend lines, Fibonacci retracements, exponential moving averages (EMAs) and a unique cup pattern, suggests that XRP is about to breakout.
For several weeks, XRP price action has been steadily shrinking in a narrowing range, further tightening the downward resistance trendline. This squeeze reflects the growing tension in the market, with bulls and bears battling for control. DefendDark points out that this technical squeeze often precedes a sharp directional move, describing it as a “high-risk technical squeeze zone.”
