XRP Shows Strong Breakout Above $2.72, Long-Term Target Near $6.90 Suggests Cautious Optimism

Key Points

1. XRP broke above the critical resistance level of $2.72, reaching above $3.60, indicating strong bullish momentum.

2. Expert trader DonAlt sets a long-term price target of $6.90 for XRP but emphasizes the need for patience and disciplined position sizing.

3. The recent price surge is fueled by speculation around regulatory developments, including rumors of an XRP ETF and positive market indicators.

4. Traders should monitor key resistance levels, such as $3.84, and use risk management strategies like stop-loss orders.

5. Despite the breakout, the rally requires careful monitoring due to potential volatility and market risks.