XRP Poised for $3.40 Breakout and U.S. Payroll Adoption
XRP is consolidating near the $3.00 mark, forming a bullish falling wedge that signals weakening selling pressure. Market analyst Lingrid notes that repeated tests of diagonal support and a breakout above $3.05 could trigger a rally toward $3.40. Key catalysts include ETF approval rumors, Ripple’s growing institutional uptake, and macroeconomic easing.
Separately, crypto expert Del Crxpto predicts XRP will become the top choice for U.S. payroll distributions. He cites XRP’s high throughput, low fees, and fast settlement as ideal for on-chain wage disbursement. Early adopters like Coinbase, Deel and Bitwage already support XRP payouts. Regulatory developments—such as the SEC’s Project Crypto, White House policy frameworks and stablecoin legislation—further bolster XRP’s payroll prospects.
Traders should watch the $3.05 breakout level and volume confirmation. A successful move above could clear the $3.40 resistance zone. If broader sentiment remains positive, XRP could extend gains in the medium term. Conversely, failure to hold the $3.00 support risks deeper consolidation.
Bullish
XRP’s current setup reflects a classic bullish falling wedge pattern, historically a reliable reversal signal preceding strong upward moves. The consolidation near the $3.00 psychological support, coupled with repeated diagonal support tests, indicates diminishing selling interest and growing buyer accumulation. A breakout above the $3.05 level—especially on increased volume—would likely clear the immediate resistance and target the $3.40 zone, consistent with prior wedge breakouts in similar crypto market rallies.
Additionally, the prospect of XRP becoming a leading choice for U.S. payroll distributions adds fundamental strength. As regulatory clarity improves—driven by initiatives like SEC’s Project Crypto, stablecoin legislation and White House policy—the case for mass adoption strengthens. Early payroll integrations by platforms such as Coinbase and Deel suggest real-world utility and network effects.
In the short term, traders may see a momentum-driven spike upon breakout confirmation. In the long term, growing on-chain use cases and institutional partnerships could underpin sustained price appreciation. Similar to past episodes where technical breakouts and positive regulatory news aligned (e.g., Ethereum’s ETF rumors), this convergence points to a bullish outlook.