XRP Poised for Vertical Breakout as Sell Walls Vanish Above $5.20
XRP breakout prospects improve as sell walls above $5.20 vanish. The token trades in a tight range at $2.95–$3.08. Strong support near $3.00 underpins repeated rallies. Resistance at $3.10–$3.14 has been tested multiple times with declining sell volumes. A confirmed breakout above $3.15 could trigger a classic cup-and-handle pattern, targeting $4.50 and then $5.20. Order book data shows thin liquidity between $3.50 and $5.20. Key support levels lie at $2.90–$2.95, with $2.65 as a critical risk threshold. Diminishing resistance and on-chain accumulation point to bullish momentum. Traders may see a rapid price surge once the XRP breakout gains traction.
Bullish
The removal of major sell walls above $5.20 and repeated tests of the $3.10–$3.14 resistance with declining volume indicate diminishing supply pressure. A classic cup-and-handle setup suggests a high-probability bullish continuation once XRP breaks $3.15. Thin order book liquidity between $3.50 and $5.20 could fuel a rapid upward move, similar to past assets that surged after facing minimal sell-side depth. Strong support at $2.90–$2.95 and on-chain accumulation further reinforce a bullish outlook. In the short term, traders may trigger stop-hunts and breakout rallies. Long term, sustaining above key support should cement the positive trend.