XRP Nears Major Breakout Zone as Optimism Grows on Technical Strength

Technical analysis highlights several bullish factors:

• A decisive breakout above the November 2024 resistance (~$1.97) has shifted sentiment strongly in XRP’s favor.
• Chart patterns—including a tightening triangle—suggest the token is forming a reliable base for an upward surge, with potential short-term targets in the $3–$4 range, according to strategist Teo Mercer.
• Sustained accumulation and declining volatility are contributing to rising momentum, adding weight to the breakout thesis.

However, analysts urge caution: XRP must maintain above the $1.97 support, while watching for increased volume to confirm any breakout. Potential catalysts include clearer regulatory direction in the U.S., which could further shift investor sentiment.