XRP Breakout Imminent: Targets at $2.22 and $3.61
XRP has been consolidating around $2.15 after hitting $3.39 in January. Recent technical analysis by CasiTrades and chartist Dark Defender highlights a tight squeeze between support at $2.07 and resistance near $2.25, driven by converging EMAs and a completed cup pattern. Daily RSI at 44.95 and low volatility suggest a breakout is near. Short-term targets include $2.22 at the Fibonacci extension, and a higher aim of $3.61 if XRP breaks above key resistance. A drop below $2.07 could trigger a minor pullback to $2.01 or $1.90. Fundamental drivers such as progress in Ripple’s SEC settlement talks, potential XRP spot ETF approvals, and growing institutional interest in cross-border solutions support a bullish outlook for XRP breakout and sustained buying pressure.
Bullish
Both technical and fundamental indicators point to an XRP breakout. Converging EMAs, a completed cup pattern, and RSI below overbought suggest upward momentum. Analysts set immediate targets at $2.22 and a higher target at $3.61 if key resistance is cleared. Fundamental catalysts—Ripple-SEC settlement progress, potential XRP spot ETF approvals, and rising institutional interest—could fuel sustained buying pressure. A brief pullback below $2.07 may occur, but overall momentum favors a bullish move.