XRP Bullish Pattern Near If Breaks $2.34
Wall Street executive Brad Garlinghouse of Ripple is appearing before the US Senate Banking Committee in a hearing titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.” The upcoming event could influence sentiment around XRP.
XRP Technical Analysis
XRP appears to have broken through key resistance at $2.34, suggesting potential bullish momentum. The 20-day exponential moving average is rising near $2.23 while relative strength indicators are in positive territory.
If buyers maintain the price above $2.34, XRP could target $2.48 and potentially extend to $2.65. If sustained, this break may signal a new bullish structure.
The 4-hour chart indicates a completed bullish inverse head-and-shoulders pattern. A sustained breakout could see XRP climb as high as $2.76, though resistance appears at $2.48 and $2.65.
Key support levels to monitor include $2.23 and $2.15. A failure to hold the recent gains could negate bullish claims and trigger selling pressure.
Disclaimer: This analysis does not constitute investment advice. Trading digital assets involves substantial risk of loss and requires independent verification.
