**Key to Price Target Confirmation: XRP Must Hold Above $3.40**

While technical trends indicate potential gains for XRP, it is essential for the cryptocurrency to break decisively above $3.40 to sustain this positive momentum. This level, established as XRP’s all-time high since 2018, has acted as a significant resistance zone throughout January. A move above $2.75 would confirm the anticipated upward trajectory.

Additionally, a bullish pennant pattern has emerged, highlighting a critical support level marked by a yellow trendline on the XRP price chart. As long as XRP remains above this support, the bullish outlook remains valid. However, a drop below this trendline could lead to a negative outlook.

Currently, XRP is trading at $2.74. Analysts suggest that a strong close above $2.75 is necessary for XRP to maintain its upward trend and eventually surpass the $3 mark.

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