Analyst Shares XRP Urgent Update With Holders

Key Points

1. XRP has broken out of a symmetrical triangle pattern formed since early 2021, signaling a bullish shift with increasing volume supporting the breakout.

2. XRP has also breached a descending resistance line from its 2021 peak, with a key demand zone between $1.90 and $2.10 reinforcing the bullish momentum.

3. A sustained move above $2.40 could target $3.10 and potentially retest the all-time high near $3.84.

4. Fundamental factors like Ripple's stablecoin plans, clearer U.S. crypto regulations, and strong international trading volume are boosting investor confidence in XRP.

5. Recent developments in Ripple's legal battle with the SEC are seen as positive for XRP holders, aligning with technical indicators for a potential upward move.