XRP Breaks Consolidation With $2.51 Resistance Amid Bullish Signals
XRP Breaks Consolidation With $2.51 Resistance Amid Bullish Signals

XRP Breaks Consolidation With $2.51 Resistance Amid Bullish Signals

News summary

XRP has recently experienced a significant breakout on the 4-hour chart after weeks of consolidation, signaling a potential bullish phase fueled by increased trading volume and strong buying interest. Key support levels are around $2.34, with resistance targets between $2.51 and $2.65, and analysts suggest that sustained momentum above these points could lead to further price gains. This breakout is seen as a shift in trader sentiment and has been supported by technical analysis highlighting a symmetrical triangle pattern resolution to the upside. Despite XRP's recent 33% price decline from its July 2025 peak, there is renewed optimism driven by institutional demand, ETF approvals, and developments in the blockchain gaming sector, such as the skill-based play-to-earn platform Tapzi. Furthermore, Sistine Research projects ambitious long-term XRP price targets ranging from $37 to $50, citing technical structures and macro indicators that suggest an explosive growth phase termed "Rippy Season." Traders are advised to watch for volume confirmation and price retests to validate the breakout and prepare for potential volatility.

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