XRP Tests Ascending Triangle Resistance – Can Bulls Reach $2.40 Level?

XRP has emerged as one of the strongest goods in recent weeks, challenging the volatility of the largest market and the growing macroeconomic uncertainty. After a difficult start of the month, XRP bouncedly rebounded, recording a 32% gain since the minimum of last Monday. The resilience of the token has attracted the attention of analysts and investors while continuing to overperform many of his peers in the Altcoin space.

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Much of this force is attributed to the growing optimism that macroeconomic tensions, in particular around global commercial policies and inflation, can start alleviating. If this trend continues, XRP could be well positioned to guide the subsequent stage of the recovery of cryptocurrencies.

The cryptocurrency analyst Ali Martinez added to the bullish narrative, sharing a technical analysis that shows that XRP is currently exchanged within an ascending triangle, a model typically associated with slopes upwards. Martinez identifies $ 2,22 as the level of critical resistance to look at. If bulls can push on that line, it could open the door to a passage to higher price levels.

With the momentum and technical indicators aligned, XRP seems to approach a fundamental moment. The next move could determine whether this event has more space to run or if the resistance will stop the breakout.

XRP Bulls Eye Breakout while the market is looking for the direction

XRP bulls are gaining confidence since the market shows stabilization signs after weeks of volatility. With global tensions still unresolved, the wider encryption environment remains uncertain, but XRP has managed to hold its soil, constantly exchanging above the level of $ 1.80. This constant performance has optimistic analysts that the token could prepare for a strong higher move, especially if the macroeconomic pressure begins to relieve in the coming weeks.

The anticipation relating to potential changes in monetary policy and the cooling expectations of inflation could create a more favorable environment for risk activities such as XRP. Some participants in the market are bet that as the clarity returns to the global economy, the high owner activities will guide the accusation and XRP is firmly in that list.

However, not all analysts agree that the rally will be fluid. A more cautious vision suggests that the market may need another correction to establish a solid base. This scenario would imply a dive under the current levels to set up a new demand area before the start of the next advantage.

In the meantime, Martinez has identified a key scheme that develops: XRP is exchanged within an ascending triangle, a configuration of bullish continuation. According to Martinez, the level of resistance of $ 2.22 is the crucial threshold. A breakout confirmed above this level could trigger a surge in $ 2.40, potentially marking the beginning of a wider trend upwards.

While the traders look closely at prices, XRP’s ability to maintain key support and test the upper part of its triangle could determine its next great move. The next few days could prove to be fundamental in modeling the short -term future of this high -profile altcoin.

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The action of the daily price relies up the upper after having recovered the key middle school

XRP is currently exchanged at $ 2,14 after a strong move that saw the token recover both the 200 -day mobile average (but) at $ 1.89 and the 200 -day exion (EMA) at $ 1.95. This bullish development indicates a potential change of trend, since XRP bulls now have a short -term momentum advantage. Keeping these key indicators is essential to support pressure upwards and build trust in a wider recovery.

The next large obstacle is located in the $ 2.60 daily supply area. A clean break above that level could open the door to a continuation rally aimed at higher resistance areas. For now, bulls will have to maintain a strong interest and purchase volume to test and finally violate that level.

However, reduction risks remain. If XRP cannot hold $ 2.00 psychological support, a deeper correction may take place. This would invalidate the recent Breakout and potentially show the token to the $ 1.80 or lower area, depending on the wider market conditions.

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For now, all eyes concern if XRP can consolidate earnings greater than $ 2.00 and support enough momentum to challenge the next supply region. Traders should monitor the largest volume and market ideas for confirmation.

First floor image from Dall-E, TradingView chart