XRP Price Targets $3.40 with Trendline Support Holding
The XRP price is maintaining bullish momentum after bouncing back above the $2.8 support level, following a previous downtrend. Key points include:
- XRP has formed an ascending trendline, indicating potential for further gains.
- Current price around $2.82 shows strength; if it holds, the next target is $3.
- A successful breakout could lead to a total increase of 20%, with subsequent targets at $3.40 and potentially new all-time highs.
If the ascending trendline fails and XRP falls below $2.20-$2.25, a bearish scenario may unfold:
- Breakdown below this range could initiate a downtrend, pushing prices toward $2.
- Continued sell-offs could result in a crash below $2, leading to a bear market.
