$XRP has been stuck between $2.00 and $2.40 in recent weeks, while technical signals and macro developments suggest that it may be on the verge of a major breakout.
🔸 Technical Consolidation: Price Action Concentrated in a Narrow Band
#xrp has been strikingly forming a tight horizontal channel between the strong support of $2.00 and the resistance level of $2.40 in recent weeks. The support area of $2.00, in particular, has been protected by steady entries from buyers. While spot purchases have increased at this level, bearish pressure is observed at $2.40.
Support levels: $2.07 - $1.88
Resistance levels: $2.19 - $2.22 - $2.33
This narrow trading range resembles a classic "cup handle" structure, while the descending triangle formation also signals preparation for an uptrend. This indicates that XRP is gathering strength for a larger breakout.
📊 While the Ichimoku Cloud is generating positive signals, the volume profile on the weekly charts is preparing the ground for a potential breakout.
🔸 What Do Volumes Say?
Volume movements in the market are remarkably stable. This shows that investors are waiting on the alert for a sudden increase. However, this volume has not yet reached enough energy to break. Analysts expect volumes to explode suddenly with the breakout of $ 2.40.
🔸 Macro Support: Bitcoin, FED and Geopolitical Signals
XRP is experiencing a process in which it is supported not only technically but also in terms of macro developments.
✔ Bitcoin Reaches the $ 105,000 Limit
The progress of the leading cryptocurrency Bitcoin towards $ 105,000 has created a general confidence environment in the altcoin market. This rise increases investor interest in large-volume altcoins like XRP.
✔ FED Chairman Powell's Crypto Statement
Jerome Powell's statement that banks are free to provide services to crypto companies has created a positive wind on the regulatory front. Such statements could accelerate the return of institutional capital to crypto.
✔ Iran-Israel Ceasefire: Global Risks Decrease
The decrease in tensions in the Middle East and the ceasefire between Iran and Israel have increased risk appetite in global markets. This development allows investors to turn to riskier assets (such as cryptocurrencies).
🔸 Dark Defender: "June Could Be XRP's Moon"
Famous analyst Dark Defender stated that he expects strong momentum for XRP in June. Technically drawn scenarios support this view.
"This train is now gaining speed in XRP. The charts support this breakout. Closing above $2.40 could carry XRP to new ATHs."
🔸 Is the Possibility of a New ATH Increasing?
XRP's rise above the psychologically and technically important $2.40 will open the door for the price to quickly move to $2.80 - $3.10 and even to its all-time high of $3.84, according to analysts.
The simultaneous occurrence of classic bullish formations such as the cup-handle and descending triangle increases this possibility. However, the critical threshold has not yet been broken.
🔹 Conclusion: Is a Storm Coming After the Silence in XRP?
XRP is at a critical juncture where technical and fundamental indicators come together. Investors who gained confidence with the strong support of $2.00 are now looking at the roof of $2.40. A possible breakout could signal XRP's entry into a new bull season.
Key factors for investors to watch in the short term:
Breaking through $2.40 and closing above that level
Volume explosion and increasing market momentum
BTC’s stability above $105,000
📌 Warning: This analysis is not investment advice. It is a market commentary based on technical and fundamental signals.
