XRP Breakout Suggests Potential for Climb Toward $11 if Key Levels Hold
Main Idea
XRP has broken out from a long-term triangle pattern and is currently holding above $3, with analysts predicting a potential climb toward $11 if key resistance levels are maintained.
Key Points
1. XRP has broken out from a long-term triangle pattern and is trading above $3.22.
2. Key resistance levels are $3.40, $5.75, and $11.20, based on Fibonacci extensions.
3. A sustained push above $3.40 could open the path toward $5.75, with further potential to reach $11.20.
4. Support at $2.25 coincides with the 0.786 Fibonacci retracement level, serving as a critical downside risk level.
5. Market observers are monitoring whether XRP can hold above $3.20 and challenge $3.40 for further upward movement.
Description
XRP has broken out from a long-term triangle pattern, currently holding above $3. Analysts predict a potential climb toward $11 if key resistance levels are maintained. XRP breaks out of
Latest News
- Is Bitcoin’s Four-Year Cycle Coming to an End Amid Growing Institutional Interest?2025-08-11 07:01:50
- Ethereum’s August Surge Suggests Potential Asymmetric Investment Opportunities Below $5K, According to John E. Deaton2025-08-11 06:46:05
- Challenges Facing Pi Network’s Potential Listing on Binance: Centralization, Mainnet Progress, and Utility Concerns2025-08-11 06:34:20
- LayerZero Proposes $110 Million Acquisition of Stargate Amid Mixed Reactions from Community2025-08-11 06:33:55
- BNB Acquisition by BNC Signals Potential Shift Towards Institutional Adoption Amid Concerns Over Crypto’s Decentralization2025-08-11 06:33:37