XRP Steadies at $3, Gears Up for $3.50 Breakout Amid Bold U.S. Payroll Power Play
Main Idea
Market analysts suggest XRP is poised for a potential breakout towards $3.40, with technical indicators and growing adoption in payroll services supporting its bullish outlook.
Key Points
1. XRP is near the psychological $3.00 level, with a breakout above $3.05 potentially triggering a rally towards $3.40, representing a 13% move.
2. The $3.00 level has held firm despite recent pullbacks, making it a critical zone for monitoring potential upside.
3. Analyst Luis Delgado predicts XRP will become a leading crypto for employee payroll due to its speed, low cost, and compatibility with U.S. regulatory developments.
4. XRP-based payroll is gaining traction, with platforms like Coinbase enabling its use, supported by infrastructure and regulatory reforms.
5. Current price action and accumulation behavior reinforce the technical thesis that XRP is stabilizing near $3.00, with potential for further gains if broader sentiment and legal clarity align.
Description
XRP’s Bullish Otutlook Still in Play Market analyst Lingrid offers a compelling take on XRP’s technical positioning. She observes that, “XRP is stabilizing after a pullback from the recent surge, with consolidation forming near the psychological 3.00 level. Price is respecting diagonal support and forming a bullish falling wedge just below the previous breakout zone. A breakout above 3.05 could initiate the next rally toward the 3.40 target zone.” She added that the structure signals a classic c...
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