Crypto analyst Xaif predicts a potential price breakout for XRP in the near future, based on chart analysis and technical indicators.
Technical Indicators Support Bullish Outlook
The chart shows XRP trading at $2.2211, slightly above the 50-day EMA ($2.2057), the 100-day EMA ($2.2197), and well above the 200-day EMA ($1.9902). This positioning indicates growing bullish momentum. The digital asset is also approaching the Supertrend resistance at $2.36. A breakout above this area could confirm a shift in trend.
Resistance Levels and Potential Upside
Xaif's chart shows a potential breakout target above $2.80, should XRP close above the long-standing trendline. Some analysts are confident that XRP can hit a new all-time high, and the chart includes an upward arrow pointing toward $2.8, which could signal a larger price surge.
Buying the Dip Before XRP’s Rally
Those who entered on recent dips may find themselves in a favorable position if the breakout materializes. Xaif praised everyone who bought the dip, noting that XRP has struggled recently while experts urged the community to accumulate tokens.
Experts remain optimistic about XRP, highlighting potential for a breakout amidst growing interest in the asset. However, readers are advised to conduct their own research before making decisions.
