- XRP is trading within an ascending triangle, historically leading to an upside breakout in 70% of cases.
- A break above $3 could trigger a rally toward $3.2–$3.4, with analysts setting a long-term target of $5.8.
- Failure to surpass resistance may lead to extended consolidation or a retest of support near $2.50.
XRP is nearing a critical resistance level, with technical indicators pointing to a breakout scenario.
The 12-hour chart reveals the formation of an ascending triangle, a bullish pattern that typically results in an upward breakout 70-75% of the time. This structure suggests that if buyers can push XRP beyond $3, the price could surge toward the $3.2–$3.4 range.
Analyst Dark Defender has shared optimism about XRP’s trajectory, suggesting that clearing the $3 resistance zone could open the door for a rally toward $5.8, a projection that aligns with the 261.8% Fibonacci extension level.
However, for this to happen, XRP must overcome strong selling pressure and maintain momentum above key resistance levels.
XRP’s Struggle at $3 Resistance
Despite the bullish setup, XRP is still struggling to break past $3, which…
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