Analysis of Ripple's Price: XRP Shatters Consolidation, Sets Sights on Upcoming Major Targets

Ripple (XRP) has ended its extended descending wedge pattern, indicating a bullish shift. The breakout happened at the critical $2.36 mark, where the upper boundary of the wedge intersected with the 200-day moving average, signifying potential for further growth. However, a significant resistance of $2.47 lies ahead, which may lead to a short-term consolidation between the $2.36 breakout and the $2.47 resistance.

Ripple has also surpassed the $2.3 resistance on the lower timeframe, backed by strong bullish momentum. However, XRP is nearing a significant supply zone and bearish order block between $2.42 and $2.47, which could trigger a pullback. Ripple's movement around this level will likely dictate the next move, either a bullish breakout toward higher resistance levels or a rejection and return to lower support zones.