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Introduction
XRP has surged 10% over the past week, approaching critical technical resistance levels that could signal a major price movement. Multiple analysts are identifying key breakout zones and projecting significant upside targets ranging from $3.60 to $4.80. The cryptocurrency’s strong trading volume and technical patterns suggest growing market momentum.
Key Points
- XRP trading volume approaches $7 billion as price tests key $3.13-$3.15 resistance zone
- Three distinct technical patterns suggest breakout targets ranging from $3.60 to $10
- VivoPower International raises $19 million specifically for XRP digital asset treasury strategy
Technical Breakout Zone Approaches
XRP is currently trading at around $3, showing a 2% rise in the last 24 hours and a 10% gain over the past week. The cryptocurrency is approaching a critical technical zone between $3.13 and $3.15, which analysts view as a key area for momentum shift. Trading volume remains robust at just under $7 billion, supporting growing market interest as XRP tests this crucial resistance level.
Technical analyst Ali Martinez shared a 12-hour chart showing XRP forming a symmetrical triangle pattern, typically associated with consolidation before a strong directional move. The asset is now pushing toward the triangle’s upper boundary, with Martinez identifying $3.60 as the primary target should a breakout occur. Fibonacci levels drawn from recent high to low place the 0.618 level at $3.13, aligning with trendline resistance and serving as a key confirmation level for bullish momentum.
Should XRP successfully hold above the $3.13-$3.15 zone, projected moves target $3.25, $3.40, and ultimately $3.60. The chart also outlines a potential pullback-and-retest structure before reaching higher levels. However, failure to break through this resistance could see support tested around $2.85 and $2.71, with a drop below that range challenging the current bullish case.
Long-Term Patterns Signal Major Upside Potential
Beyond the immediate technical setup, analyst Javon Marks has identified a broader inverse head and shoulders pattern that has already broken above its neckline and successfully retested it as support. This classic reversal pattern suggests significant upside potential, with XRP’s recent move higher from the retest area signaling possible continuation. Marks projects a target of $4.80 based on the pattern’s height projected from the breakout level, noting that prices could be early in a major run to meet this objective.
Dark Defender’s analysis provides even more ambitious targets, highlighting XRP’s move above a long-term trendline and a breakout on the weekly RSI. The pattern shared suggests the start of a new wave following what appears to be a completed correction phase. Dark Defender’s targets are listed at $4.17, $6, and $10 based on Fibonacci extension levels, with the analyst stating: ‘We were Right on #XRP. RSI Weekly break, Weekly trend break Targets are Clear. Nothing can stop what’s coming.’
Institutional Interest Supports Bullish Sentiment
The technical optimism surrounding XRP is complemented by growing institutional interest. London-based VivoPower International has raised $19 million in new equity funding, with shares sold at $6.05 each, above the current market price. The company has specifically allocated these funds to support its XRP digital asset treasury strategy, demonstrating continued corporate confidence in holding XRP as part of its reserves.
This institutional backing, combined with the strong technical setups identified by multiple analysts, creates a compelling narrative for XRP’s potential upward movement. The convergence of bullish chart patterns across different timeframes, coupled with substantial trading volume and corporate treasury adoption, suggests XRP may be positioned for a significant price revaluation in the coming weeks.
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