🚀 Will This $XRP Price Pattern Breakout Trigger 5,600% Rally Like 2018?

🚀 XRP Surges Past $2.6, Eyeing Massive Gains
XRP’s price broke the $2.6 mark this week, driven by strong market momentum and broader crypto gains. The token’s impressive rally has drawn significant attention, sparking speculation of a major breakout reminiscent of its historic 5,600% surge in 2018.

📈 Analyst Highlights Potential 5,600% Rally
A prominent crypto analyst pointed out a wedge pattern on XRP’s chart, similar to the one preceding the 2018 rally. While such explosive growth is unlikely, this technical setup signals consolidation and a potential upward breakout, raising optimism among traders.

🔥 XRP Surpasses Solana, Targets ATH
XRP recorded a 38% weekly gain and a 431% monthly increase, pushing past Solana in market cap to become the third-largest cryptocurrency. Ripple’s legal clarity, ecosystem innovations, and new partnerships have strengthened investor confidence and fueled the bullish momentum.

📊 Ascending Channel & Key Levels to Watch
XRP’s price action shows an ascending channel, with key resistance at $3.00 and $3.84 (ATH). The RSI at 94 signals strong buying pressure, while the Chaikin Money Flow (CMF) at 0.31 reflects positive capital inflows. These indicators support XRP’s potential to test new highs.

💡 What’s Next for XRP?
While a 5,600% rally may be ambitious, XRP’s bullish trend, regulatory support, and ecosystem growth position it for sustained gains. A continued upward trajectory could bring XRP closer to its all-time high, exciting investors in the current market resurgence.