XRP Approaching Breakout. Here’s What to Watch For

Key Points

1. XRP is trading around $3.01, with $2.96 acting as a key resistance level (0.382 Fibonacci retracement mark) and $2.915 as strong support (0.5 Fibonacci retracement).

2. Bullish RSI divergence and resilient support at $2.915 indicate potential for an upward breakout if $2.96 is reclaimed and held.

3. Next upside targets if resistance is broken are $3.21 and $3.41, with potential medium-term goals at $3.65 and $4.40 if market sentiment remains favorable.

4. A failure to reclaim $2.96 could lead to range-bound trading, while a drop below $2.915 may expose XRP to further retracement toward $2.80 and $2.65.

5. XRP has gained nearly 35% in the past month, supported by institutional interest, including SBI Japan's ETF filing with XRP exposure.