XRP Nears Major Breakout Zone as Optimism Grows on Technical Strength
XRP has climbed over 10% in the past week, now trading around $2.20, just shy of a key resistance level that market analysts expect could trigger another rally.
Coinccino 
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.
