XRP Price Breaks Descending Channel With A $2.40 Target — Here’s The Roadmap

Key Points

1. Ripple CEO announces a decision regarding XRP, with analysts predicting a price target of $2.40 and higher levels like $2.55, $2.71, and $2.88.

2. Egrag Crypto highlights a 'W' pattern suggesting new all-time highs (ATH) for XRP, with potential targets at $15, $22, and $40.

3. CasiTrades notes that XRP must hold above $2.16 to stay bullish, with $2.25 as a critical support level to confirm upward momentum.

4. Failure to hold $2.16 could lead to a drop to $1.90, while flipping $2.25 to support could set XRP for further gains.

5. At the time of writing, XRP is trading at around $2.19, down slightly in the last 24 hours.