Saad Ullah
XRP finally did it. After grinding sideways for weeks inside a descending triangle, the price punched through resistance and hasn't looked back. This isn't just noise - triangle breakouts historically lead to strong momentum shifts, and XRP's setup looks textbook.
What the Chart Shows
Trader JackTheRippler spotted the move early, and now the crypto community is buzzing about what comes next. XRP is trading at $2.97, up 0.76%, and the breakout is clean. The descending trendline that capped rallies for weeks just got obliterated. Support at $2.74 held strong throughout the consolidation, giving bulls a solid foundation to launch from. If this momentum holds, the next resistance cluster sits between $3.20 and $3.40. Volume has been picking up around $2.90, which adds weight to the move.
Why This Matters Now
The breakout comes as the broader crypto market finds its footing. Ripple's progress in global payments and whispers of regulatory wins are fueling optimism. Technically, triangles compress price action until something breaks - and when they do, the moves tend to be sharp. XRP's been coiling energy for weeks, and that pressure just released upward.
Two scenarios are in play. Bulls need to hold $3.00 as new support - do that, and targets of $3.30 to $3.50 come into view fast. But if momentum fades, expect a retest of $2.70 support. Watch the daily closes and volume closely. Those will tell you if this breakout has legs or if it's just another fake-out. Right now though, the technical setup favors the bulls.
Saad Ullah
