XRP Prepares to Breakthrough: Target 3.66 USD and Threshold 2.85 USD Determine the Future

XRP continues to attract the attention of traders, with analysts providing deep insights into its short-term and long-term potential. Both CryptoBusy and EGRAG Crypto emphasize important support and resistance levels that could determine XRP's next move. Although their approaches differ, both share a common optimistic outlook on the future price movement of the cryptocurrency.
Descending Wedge Pattern: A Bullish Setup
CryptoBusy's chart analysis identifies a descending wedge pattern on XRP's price chart. This technical structure often signals a reversal of the bearish trend as the price trades between two converging trendlines.
After breaking above the upper trendline of the wedge pattern, the price is likely to surge. In the case of XRP, the support level of $2.70 is very important to maintain this bullish structure. If XRP can hold this level, the chances of a breakout are very high.
According to: X/CryptoBusy
According to CryptoBusy's analysis, once XRP breaks the descending wedge resistance, the price could rise to a high of $3.66 or even higher. Technical momentum and support at $2.70 suggest that XRP is well-positioned for a strong increase in the future, especially after a 61% increase.
Short-Term Target: Focus on $2.85
Conversely, EGRAG Crypto's chart takes a more direct approach, focusing on short-term price levels. However, the most important short-term target is the resistance level of $2.85. According to EGRAG Crypto, closing above this level, especially multiple four-hour closes, will confirm the breakout and open up opportunities for higher targets.
EGRAG Crypto states that any closing level above this threshold, especially several four-hour closes, will indicate a breakout and open the gateway to higher peaks. Specifically, EGRAG Crypto identifies levels of $2.90, $2.95, and the final breakout level of $3.13.
According to: X/EGRAG Crypto
If XRP cannot close above $2.85, the price may drop to $2.65 or lower, which would weaken the bullish outlook. The main conclusion from EGRAG Crypto's assessment is that XRP needs to stay above $2.77 and break through the $2.85 mark to continue the short-term bullish trend.
Important Levels to Monitor
Both analyses emphasize the bullish breakout potential of XRP, but they focus on different time frames. CryptoBusy's outlook focuses on long-term potential, targeting $3.66, while EGRAG Crypto focuses on immediate price action, with a critical resistance level at $2.85.
These are the important levels that traders need to monitor. Any breakout above $2.85 will confirm the short-term bullish trend, and $2.70 is an important support level to maintain the long-term bullish momentum of the market.