XRP is approaching a crucial resistance level and technical indicators suggest a potential breakout scenario. An ascending triangle pattern on the 12-hour chart indicates a potential surge towards the $3.2-$3.4 range if XRP can surpass $3. Analysts predict a rally towards $5.8 if the resistance zone is cleared. However, XRP is struggling to break past $3, which has acted as a significant barrier. A breakout above $3 with strong volume would confirm bullish momentum, while a failure could result in consolidation or a pullback towards $2.50-$2.60. The 4-hour chart shows consolidation just below the $2.74 resistance level, with the RSI suggesting a neutral to slightly oversold zone. The tightening Bollinger Bands indicate reduced volatility and an impending breakout. XRP needs to close above the upper Bollinger Band to trigger an upward move. The 200-day EMA is a key resistance level, and a golden cross between the 50 EMA and 200 EMA would signal a bullish trend shift. Traders are waiting for a clear directional move, as indicated by the flat MACD histogram. The next few sessions will be critical in determining if XRP can surpass $3 or face rejection.
Content Editor ( coinedition.com )
- 2025-02-22
XRP Weekend Price Alert: Will $3 Resistance Break This Time?
