XRP Breakout Signals a Clear Bullish Market Shift: Ripple Price Analysis

Ripple’s XRP has recently experienced an influx of buyers, driving the price above the crucial wedge’s upper ￰0￱ move marks a significant bullish signal, though a temporary pullback to the broken level remains a likely ￰1￱ Price Analysis By Shayan The Daily Chart On the daily timeframe, XRP benefited from intense buying pressure, with support provided by the 100-day moving average and the wedge’s lower boundary near $2.7. This confluence fueled a fresh spike, culminating in a breakout above the falling wedge’s upper boundary, a clear sign of a bullish market structure ￰2￱ this breakout, the asset is likely to undergo a short period of consolidation or corrective pullback, with the broken level at $2.9 serving as a probable retest ￰3￱ this level holds, Ripple’s next upside targets remain the critical $3.4 and $3.6 resistance ￰4￱ 4-Hour Chart The 4-hour chart further emphasizes the impulsive breakout from the multi-month wedge pattern, reflecting strong buyer ￰5￱ rally has already pushed the price into the $3 supply zone, where initial rejection suggests active sell-side ￰6￱ buyers manage to reclaim and hold above $3, momentum could carry Ripple toward the $3.4 resistance.

Conversely, a rejection here would likely trigger a correctional pullback toward the broken wedge trendline, where demand is expected to be tested.