XRP's price has experienced a short-term correction, but its technical outlook suggests a potential rebound. The token has confirmed a breakout from a bullish pennant range, fueling expectations of a rally towards $4, representing a 68% gain. However, XRP must reclaim its critical support at $2.40 for the rally to sustain. The token is expected to face interim resistance levels at $3 and $3.50. Several analysts, including The Great Mattsby, are optimistic about XRP reaching new highs. Despite macroeconomic uncertainties affecting the broader crypto market, XRP remains optimistic due to developments in its ecosystem and the expectation of regulatory clarity. XRP's real-world utility has been boosted by Bank of America reportedly using it for cross-border transactions. At the time of writing, XRP's price is $2.38, down 5% in the past 24 hours but up 11% year-to-date. The potential for XRP to rally towards $4 is influenced by technical and macroeconomic factors.



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