๐จ XRP Surges Past $3.04 โ Traders Target $3.66 as Breakout Confirmation
$XRP has reclaimed momentum, surging past $3.04 and reigniting bullish sentiment across the market. Analysts are watching closely as the token approaches the $3.30โ$3.40 resistance zone, which could confirm a powerful cup-and-handle breakout โ with targets as high as $5.60 to $7.
๐ Whatโs happening?
XRP rebounded from $1.80 in April to form the โcupโ
Recent consolidation below $3.40 is shaping the โhandleโ
A breakout above $3.40 could trigger a 92% rally toward $5.60โ$7
๐ Why it matters:
CryptoBull and XRPunkie forecast a breakout toward $7
Brazilian fintech VERT launched a $130M XRP-based platform
Blockchain firm Natureโs Miracle added $20M XRP to its treasury
On-chain data shows $1.4B+ daily transactions and $11B open interest in XRP derivatives
๐ฌ Sentiment check:
Despite a recent 10% dip, XRP remains in a bullish cycle. Traders view pullbacks as healthy resets before major moves. The breakout zone at $3.30โ$3.40 is now the most-watched level in the XRP ecosystem.
๐ Key levels to watch:
โ Support: $2.70โ$2.20
๐ Resistance: $3.30โ$3.40
๐งญ Macro target: $5.60โ$7
Will XRP finally break $3.40 and confirm the breakout โ or is this another fakeout?
๐ Share your thoughts and tag your favorite XRP analyst!