XRP Breaks Long-Term Pattern, Eyes $11 as Analysts Monitor Key Levels

The cryptocurrency XRP has broken out from a long-term triangle chart pattern and is now trading above the $3.22 level, signaling potential for further gains.
Analysts identify key resistance levels at $3.40, $5.75, and $11.20, based on Fibonacci extension techniques. Maintaining a position above the crucial $3.20 mark and achieving a sustained push beyond $3.40 could clear the path towards the higher targets at $5.75 and potentially even the $11.20 zone.
On technical charts, significant support has formed near $2.25. This level aligns with the 0.786 Fibonacci retracement and is considered vital for mitigating downside risk.
Market observers are closely watching whether XRP can maintain its position above $3.20 and successfully challenge the near-term resistance barrier at $3.40 to confirm the anticipated upward momentum.