XRP has recently experienced a notable price surge, forming a V-shaped recovery pattern that suggests a potential rise toward the $3.40 mark. This rebound follows a sharp sell-off, during which XRP's price dipped to $2.307. However, strong buying interest emerged at the $2.32 level, establishing a solid support base.
Technical analysis indicates a bullish outlook, supported by a 53% increase in open interest, now totaling $5.06 billion, signaling heightened investor engagement. Analysts forecast possible breakout targets ranging from $3.33 to $5.86, contingent upon XRP maintaining key support levels between $2.35 and $2.40.
Despite ongoing global economic tensions and regulatory developments, XRP has demonstrated resilience, with its price action showing a series of higher lows, suggesting sustained upward momentum.$XRP