XRP Price Could Jump 20% to $3.40 on Key Trendline Break
XRP price is showing renewed bullish momentum after reclaiming the $2.80 support level. An ascending trendline formed on the chart signals a potential breakout. If the XRP price holds above $2.82 and breaches the trendline resistance, traders could see a first target at $3.00. A full breakout would push XRP toward $3.40, representing a 20% gain from current levels.
Technical analysis highlights that the trendline has consistently pointed higher in recent weeks, and a confirmed breakout could drive further upside momentum. However, the bullish outlook depends on maintaining support above the $2.20–$2.25 zone. A drop below this range would invalidate the breakout scenario and risk a deeper decline toward $2.00.
Crypto traders should watch volume and market sentiment for confirmation of the trendline breakout. If bullish momentum intensifies, XRP price could test multi-month highs and attract additional buying interest. Conversely, failure to sustain support may trigger sell-offs and increased volatility.
Bullish
The analysis centers on a bullish breakout scenario for XRP price, driven by a well-defined ascending trendline and reclaimed $2.80 support. A confirmed trendline break would likely propel XRP toward $3 and then $3.40, offering a 20% upside. Historically, such trendline-based breakouts have signaled significant rallies when accompanied by rising volume. Traders should monitor key support at $2.20–$2.25; failure there would negate the bullish view. Overall, the potential for a strong rebound suggests a bullish impact on short-term trading, while sustained momentum could lead to new multi-month highs and reinforce long-term confidence among investors.