XRP has demonstrated significant technical strength by breaking out of a long-term downtrend and establishing consistent support above the critical $2.47 level, signaling a potential major trend reversal.
This bullish momentum is reinforced by the formation of a falling wedge pattern and a sustained increase in trading volume. Key support is now seen within the range of $2.60–$2.80 and at $3.00, with major resistance anticipated in the $3.50–$4.00 price zone.
Technical indicators provide further confidence: the Relative Strength Index (RSI) holding above 50 indicates persistent bullish sentiment, while the Moving Average Convergence Divergence (MACD) suggests possible short-term consolidation may occur before further gains.
Should the current trend continue, technical analysis projects potential upside targets for XRP around $4.80 and $7.13. Market participation remains a key element underpinning the asset’s strength as it navigates these levels.