Analyst: XRP Will Go Parabolic Once It Breaks This Red Zone

Key Points

1. The 'red zone' between $3.30 and $3.60 is a long-standing resistance level that has repeatedly capped XRP's price momentum.

2. A breakout above this zone could propel XRP into a steep price surge, with potential short-term targets of $5.00–$6.50 and a projected target of around $4.42 based on technical indicators.

3. XRP has historically shown explosive growth after breaking key resistance zones, as seen in the 2017 and 2021 rallies.

4. Bullish signals include XRP holding above key support levels ($2.90 and $3.00) and positive momentum indicators like RSI and MACD.

5. The potential breakout is supported by renewed optimism in the XRP ecosystem, including legal clarity from Ripple's partial victory against the SEC.