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The bullish path for XRP relies on breaking the $2.20 level and a decrease in trading volume to $2.40.
#XRP is approaching the key resistance level at $2.20, as the bullish wave structure and low order books indicate a potential breakout towards
XRP price increased by 9.30%: heading towards new record levels
XRP tested the $2.20 level after a clear breakout, with thin liquidity above the key levels.
The fourth correction wave is nearing completion, indicating the possibility of entering the fifth wave.
Volume gaps from $2.20 to $2.40 could lead to a rapid rise in case of a breakout above resistance.
The price movement of XRP across major exchanges has shown concurrent bullish patterns after a prolonged consolidation period. Analysts are now focusing on volume gaps and technical resistance points that could determine the next price direction.
XRP is poised for a 5 wave rise amid the breakout and major Fibonacci convergence.
The recent rise in XRP's price has surpassed the horizontal resistance levels that previously limited the bullish momentum. Market activity is now centered around the $2.20 level. The lack of order books provides opportunities for volatility and price increases.
According to Dark Defender, XRP is approaching the end of the larger fourth wave correction on the monthly chart. He explained how the price touched $2.1937, a level that aligns with the structures of the smaller waves, before reversing. He noted that this point confirmed expectations of a slight pullback before a broader upward movement.