XRP Prepares to Break Out: Target 3.66 USD and Resistance 2.85 USD Determines the Future

XRP continues to attract the attention of traders, with analysts providing deep insights into its short term and long term potential. Both CryptoBusy and EGRAG Crypto emphasize the important support levels and resistance levels that could determine the next move of XRP. Although their approaches differ, both share an optimistic outlook on the future price movement of the cryptocurrency. Falling Wedge Pattern: A Bullish Setup CryptoBusy's chart analysis identifies a descending wedge pattern on the XRP price chart. This technical structure often signals a reversal of the bearish trend as the price is trading between two converging trend lines. After breaking above the upper trendline of the wedge pattern, the price is likely to rise sharply. In the case of XRP, the support level of $2.70 is very important to maintain this bullish structure. If XRP can hold this level, the chances of a breakout are very high.

According to CryptoBusy's analysis, once XRP breaks the descending wedge resistance level, the price could rise to a high of $3.66 and possibly even higher. Technical momentum and support at the $2.70 level suggest that XRP is well-positioned for a strong increase in the future, especially after the 61% rise. Short Term Target: Focus on the Support Level of 2.85 USD In contrast, EGRAG Crypto's chart takes a more direct approach, focusing on short term price levels. However, the most important short term target is the resistance level of $2.85. According to EGRAG Crypto, closing above this level, especially multiple closes over four hours, will confirm the breakout and open up opportunities for higher targets. EGRAG Crypto states that any closing price above this threshold, especially several four-hour closing prices, will indicate a breakout and open the gate to higher peaks. Specifically, EGRAG Crypto identifies the levels of $2.90, $2.95, and the final breakout level at $3.13.

If XRP cannot close above the support level of $2.85, the price may drop to $2.65 or lower, which would weaken the bullish outlook. The main conclusion from the EGRAG Crypto assessment is that XRP needs to maintain above the support level of $2.77 and break through the $2.85 mark to continue the short term bullish trend. Important Levels to Watch Both analyses emphasize the potential for a price breakout of XRP, but they focus on different time frames. CryptoBusy's outlook is centered on long term potential, aiming for a level of $3.66, while EGRAG Crypto focuses on immediate price movements, with a key resistance level of $2.85. These are important levels that traders need to monitor. Any breakout above $2.85 will confirm the short term bullish trend, and $2.70 is a key support level to maintain the long term bullish momentum of the market.