Analyst Who Called $0.28 XRP Bottom Spots Potential Bullish Breakout Confirmation

Key Points

1. JD identifies a large-scale symmetrical triangle breakout in XRP's price chart, resembling the pattern before its 2017 surge from under $0.01 to over $3.

2. XRP is currently trading at $2.96, having broken key resistance levels, with analysts citing near-term upside targets of $2.92 to $3.63.

3. A hidden bullish divergence on XRP's 2-week chart, where price shows higher lows while indicators like RSI show lower lows, signals potential for a strong uptrend.

4. Growing institutional interest, Ripple's pursuit of a U.S. banking charter, and optimism around XRP ETFs contribute to positive sentiment.

5. Macroeconomic factors, such as a weakening U.S. dollar and rising institutional adoption of digital assets, further support XRP's potential breakout.