XRP is testing a pivotal resistance level at $2.33, with analysts projecting a potential surge toward $2.60 should a decisive breakout materialize. Technical indicators signal growing upward momentum, highlighted by a falling wedge pattern breakout on the XRP/BTC trading pair that suggests impending bullish reversal.
The cryptocurrency maintains robust support near the $2.00 threshold, providing substantial downside protection that reinforces market confidence. Recent regulatory developments contribute significantly to positive sentiment, including an estimated 95% probability for spot XRP ETF approval and Ripple’s pursuit of a formal banking license.
Market strategists emphasize that confirmed breach above the $2.33 barrier could fuel acceleration toward the $2.60 price target. Longer-term projections indicate potential rallies toward the $3.00 range should current bullish trajectories persist.