In this crypto news, it is reported that XRP has experienced a breakout after a period of consolidation. Technical analysis suggests that this breakout is a bullish momentum for XRP. The breakout was fueled by the token breaking through a descending trendline and is supported by bullish signals on the Ichimoku Cloud and RSI Golden Cross. The next step for XRP is to secure a daily close above $2.52 for further confirmation. If this happens, the token's price could reach $2.72 in the near term, with longer-term targets of $5.85 and $8.76. XRP has already reached some of these conditions, trading at $2.72 with the potential to reach $5.85 next. The article also highlights support zones to watch if the bull run loses steam. Overall, this breakout could be a turning point for XRP, but confirmation above key resistance levels is needed to determine if the rally will continue.



Other News from Today