$XRP is potentially poised for a significant price surge if it breaks through the $3.59 resistance level. Analysts predict that crossing this threshold could lead to a price discovery phase, with potential targets ranging from $3.66 to $4.5 or even $5 and beyond.

Key Factors Driving XRP's Price:

Technical Breakout: XRP's dominance chart has broken out of a bullish pennant pattern, a classic technical indicator that often precedes large upward moves.

Stablecoin Law Impact: The recent GENIUS Act, signed into law by President Trump, provides a clear regulatory framework for USD-backed stablecoins. This development could positively impact XRP's price by increasing trust and stability in the market.

Market Dominance: XRP holds the third position in market dominance, just below Bitcoin and Ethereum.

Bull Run: The current bull run has led to increased investor interest, with new holders accumulating XRP and existing holders retaining their assets.