Analysts Predict XRP Surge After Bullish Chart Patterns
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XRP appears to be gaining bullish traction, with analysts pointing to a potential breakout that could send the token toward new highs.
Technical strategist Master Ananda has spotlighted XRP’s solid base around $2.30, where the price has consistently bounced over the past ten days.
His analysis, shared via TradingView on May 27, indicates that the asset may be preparing for an aggressive upward move.
A falling wedge breakout followed by a climb within a rising channel points to sustained bullish momentum, according to Ananda.
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He also referenced Fibonacci extension metrics, suggesting that the next significant price objective could land near $6.29, though no specific timeframe was offered. He warned that the current opportunity for accumulation might disappear quickly.
Another analyst, Egrag Crypto, added weight to this outlook by identifying $2.61 and $2.65 as critical resistance levels.
A clean break above those could open the door to $3.10 or even challenge the so-called “golden resistance zone” around $3.39. He noted improving investor sentiment and a strong hold above a recent trendline breakout.
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