XRP Eyes Major Breakout: Will It Conquer ‘The Chasm’?

Key Points

1. XRP must break above $3.65 to confirm a bullish pennant formation and unlock higher price targets, with potential long-term projections up to $34.63.

2. XRP's market dominance is currently below 6.5%, and analysts suggest it needs to surpass 10% to assert leadership in the crypto sector.

3. Fibonacci targets for XRP's market cap expansion include $308 billion, $488 billion, and $946 billion.

4. If XRP fails to maintain above $3.65, a retracement toward $2.60–$2.90 may occur, though current volume and trend structure remain supportive.

5. XRP's historical cyclical surges suggest potential for significant price explosions following confirmed breakouts, with key milestones at $9.41 and $11.27.