XRP has breached a major resistance zone, which may signal the beginning of a new bullish trend. This article reviews the details of this breakthrough.
Key Technical Points
XRP has officially tested a critical multi-layered resistance zone, including the point of control, 0.618 Fibonacci level, and high time frame resistance at $2.40. If volume confirms, the pathway toward $3 opens.
XRP Price Movement
XRP's price action has been notably bullish, showing consecutive higher lows and bullish candles. The breakout from the $2.40 area was decisive, with the current candle closing above all of these levels, indicating a major structural shift to the upside.
Future Expectations
If XRP holds above $2.40 with sustained volume, a move towards $3 is the next high-probability outcome. A successful retest of the breakout zone would further validate the bullish momentum.
The breakout from the $2.40 resistance level opens up opportunities for further growth for XRP. Future price actions will be dictated by the ability to hold above this level and volume support.
