*๐โ๏ธ๐XRP Poised for Major Breakout?*$XRP
- *SMA Convergence*: The 50 Simple Moving Average (SMA) and the SMA 200 on XRP's hourly chart have converged, setting the stage for a potential crossover
- *Key Support and Resistance Levels*: XRP has consolidated in a range since hitting highs of $0.6378 on July 17. The range currently has support at $0.542, which coincides with the daily SMA 200 .
- *Bullish Outlook*: Analysts suggest that XRP appears to be poised for a breakout in the coming months if historical patterns replicate.
- *Potential Price Targets*: The next price target is at $1, which will reflect a breakout above the Ichimoku Clouds ยฒ. Other analysts predict targets of $1.88, $5.85, and $18.22.