XRP recently broke through $3.40, marking the end of months of consolidation and building a bullish structure that technical analysts find compelling. The formation of a classic W pattern and the breakout of a bull flag pattern have driven up the price of XRP, and momentum indicators like ADX and RSI also confirm the increased buying pressure. The ADX rising again after six months indicates that price momentum has strengthened once more, while the RSI approaching 70 suggests strong demand. Based on these technical indicators, the short-term target price for XRP is set above $5.50, with some analysts predicting it could rise to $17, indicating significant upside potential from current levels.
