XRP Eyes Multi-Year Breakout
Charts from TradingView show XRP consolidating around $2.82, with a clear structure forming that mirrors previous breakout setups. On the long-term monthly chart, XRP has been testing an upward resistance line leading toward the $4 zone – a level seen as both a psychological and technical milestone.
The RSI also shows higher lows over recent months, underlining steady accumulation. The absence of bearish divergence, combined with positive slope dynamics, supports the case for sustained upside momentum.
Why Analysts Remain Confident
EGRAG’s projection aligns with broader sentiment among XRP traders who view the asset as undervalued relative to its historical highs. Many point to improving liquidity conditions, increasing exchange volume, and growing confidence in Ripple’s global payment network as key factors reinforcing the current bullish outlook.
If XRP successfully closes above the $4 threshold, it would mark one of its strongest performances since early 2018, potentially setting the stage for new all-time highs in the next market cycle.
For now, analysts say patience will be key. As long as the RSI and price continue their synchronized climb, XRP’s technical structure suggests there’s more room for appreciation before major resistance zones come into play.
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