Ripple Price Analysis: XRP Breaks Consolidation, Eyes Next Key Targets

Key Points

1. XRP has a bullish signal with a breakout at the critical $2.36 level, intersecting the wedge’s upper boundary and the 200-day moving average.

2. Significant resistance is noted at the previous major swing high of $2.47, where selling pressure is likely to emerge.

3. A key supply zone and bearish order block exist between $2.42 and $2.47, aligning with the previous swing high.

4. Buy-side liquidity above the $2.47 resistance zone presents an attractive target for smart money.

5. The price may enter a period of sideways consolidation before the next major move.