XRP Breakout Target Set at $4 Amid Bullish Wedge Pattern

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  XRP is testing the upper boundary of a major wedge pattern.
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  A successful breakout could push the price toward $4.
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  Volume confirmation is key for sustaining the breakout.

XRP is currently making headlines in the crypto community as it attempts to break free from a long-standing wedge pattern. Traders and analysts are eyeing a potential breakout, with a technical target pointing toward the $4 mark—a level not seen in years.

The wedge pattern, often seen as a bullish continuation signal, has been forming for months. XRP is now pressing against the upper boundary of this formation, signaling that a major move could be on the horizon. According to the original analysis shared on social media, the key condition for the breakout is that the price must stay above the top orange trendline.

Volume Is the Missing Ingredient

For this bullish setup to confirm, traders are closely watching trading volume. So far, the move lacks strong volume support, which is crucial to validating any breakout. If buyers step in and volume increases, it could spark a powerful rally.

Market participants who entered earlier are holding with a target of $4, indicating strong conviction. This target aligns with the height of the wedge pattern projected from the breakout point, a common technique used in technical analysis.

XRP Bulls Hold the Line

Staying above the key resistance now turned support (the top of the wedge) is essential. If XRP can maintain this position and attract higher volume, the $4 target becomes more realistic. Traders should remain cautious but optimistic, watching closely for confirmation signals in the coming days.

With XRP showing signs of strength and growing bullish sentiment, the next few weeks could be pivotal for the token’s price trajectory.