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. Hereâs what to watch:
đ Technical Breakdown
âąResistance: $2.90 â the key level to break.
âąSupport: $2.20 â holding steady as the base.
âąTarget Post-Breakout: $3.00 â a critical psychological milestone and Fibonacci projection.
đ Fundamental Drivers
âąCross-Border Payments Leader: XRPâs established role in global transactions continues to attract institutional adoption.
âąGrowing Utility: Partnerships and ecosystem developments are amplifying XRPâs market relevance.
đ Confirmation Signals
âąVolume Spikes: A surge in volume could validate the breakout.
âąRSI Trends: Momentum indicators aligning with the pattern suggest the bulls are gearing up.
đĄ With strong technical patterns and increasing utility, XRPâs $3 target is looking more achievable than ever. Will the wedge break to new highs? Watch closely as this rally unfolds!
