Momentum Is Building: Analyst Says XRP Big Breakout Is Close

Key Points

1. XRP is approaching a major breakout, currently hovering below $2.30 and reclaiming the critical $2.25 level, a key technical marker.

2. The token has formed multiple higher lows, a pattern often preceding a breakout, with next resistance levels at $2.69 and $3.04.

3. XRP is entering Wave 3 of 3 in Elliott Wave theory, considered the most explosive phase for price movement.

4. Market sentiment and volume trends, particularly in South Korea, favor XRP, indicating strong demand and potential for rapid price increases.

5. A breakout above $2.30 could trigger swift moves to higher targets, with analysts suggesting this may be the final accumulation window before a full breakout.