XRP has demonstrated a significant technical breakout, surpassing the critical $2.41 resistance level with substantial trading volume. This move confirms a bullish pattern and sets the next price target at $2.5096, with the $2.41 threshold now serving as essential support to sustain upward momentum.
Concurrently, XRP’s market dominance has climbed above 4.10%, marking a reversal of its four-month downtrend. This resurgence signals potential for further gains toward the 5.60%-6.00% range, reflecting renewed investor interest in the altcoin.
The dominance breakout pattern mirrors December 2023’s rally, suggesting a possible broader altcoin market uptrend. Maintaining dominance above the 4.00% level remains crucial for XRP to continue its trajectory of price appreciation and expanding market share.