XRP is shaping up for a potential breakout with a bullish wedge pattern emerging on the 4H chart. The convergence of technicals and fundamentals could pave the way for an exciting rally. Here’s what to watch:
🔍 Technical Breakdown
•Resistance: $2.90 – the key level to break.
•Support: $2.20 – holding steady as the base.
•Target Post-Breakout: $3.00 – a critical psychological milestone and Fibonacci projection.
🌍 Fundamental Drivers
•Cross-Border Payments Leader: XRP’s established role in global transactions continues to attract institutional adoption.
•Growing Utility: Partnerships and ecosystem developments are amplifying XRP’s market relevance.
📊 Confirmation Signals
•Volume Spikes: A surge in volume could validate the breakout.
•RSI Trends: Momentum indicators aligning with the pattern suggest the bulls are gearing up.
💡 With strong technical patterns and increasing utility, XRP’s $3 target is looking more achievable than ever. Will the wedge break to new highs? Watch closely as this rally unfolds!
