XRP Approaches Critical $2.30–$2.40 Zone, Signaling Potential Breakout

XRP is currently at a critical breakout level between $2.30 and $2.40, with price action indicating potential for a decisive move. Despite short-term volatility cooling, the broader market structure remains strong.

XRP's Compression and Resistance Zone

XRP is compressing inside a descending channel approaching a decision zone between $2.30 and $2.40.
The 50-period EMA is flattening, suggesting easing selling pressure, while the 200-period EMA trends higher, indicating a bullish macro trend.
XRP remains above the EMA cluster, maintaining its market structure.
A decisive 3-day close above $2.40 could lead to a continuation toward $2.70, with $3.13 as a higher objective.
Rejection at resistance may result in range trading, but staying above $2.00 keeps the bullish structure intact.

XRP

Triple Tap Pattern and Market Implications

XRP has completed a triple-tap move, reaching the upper boundary of its range.
The market is at a crossroads: it could either continue a local downtrend or form a solid base for further expansion.
If the triple-tap forms a base, pullbacks are expected to meet buying interest, with $1.77 acting as support.
Considering Bitcoin's position and market conditions, there's a bias towards XRP expanding higher, targeting levels above the current range.