XRP has seen a 10% increase over the last week, currently trading around $3, which reflects a 2% rise in just the past 24 hours. Analysts are monitoring XRP closely, as the recent price movements indicate a potential breakout approaching the $3.13 to $3.15 zone, recognized as a pivotal area for changing momentum.

High trading volume is also noted at nearly $7 billion, underscoring the growing interest in the market as XRP nears a crucial breakout point.

Breakout Zone Overview

Technical analyst Ali Martinez shared a 12-hour chart illustrating a symmetrical triangle pattern. Such patterns often indicate consolidation before a significant price movement occurs. XRP is now trending towards the upper boundary of this triangle.

“$XRP looks set to break out of a triangle, with $3.60 as the target.” – Ali (@ali_charts)

Fibonacci levels drawn from recent high to low establish the 0.618 level at $3.13, which coincides with trendline resistance and serves as a breakout confirmation level. Should XRP maintain its position above this zone, target estimates lie at $3.25, $3.40, and potentially $3.60.

Notably, the chart depicts a possible pullback-and-retest structure before reaching higher targets, while support remains locally around $2.85 and $2.71. A fall below these levels could jeopardize the bullish outlook.

Long-Term Projections

Javon Marks has presented a wider view with an inverse head and shoulders pattern, having breached its neckline and retested it as support; a move indicating a potential upward trend.

Further Insights

The analysis suggests potential targets that could reach $4.80, based on the dimensions of the breakout structure. According to the findings,

“Prices could be early in a major run to meet it.”

As long as XRP remains above the neckline, the bullish trend remains intact.

Strengthening Weekly Signals

Another update from Dark Defender emphasizes XRP’s rise beyond a long-term trendline alongside a breakout in the weekly RSI, indicating the onset of a new wave following what appears to be a completed correction. Target estimates forecast $4.17, $6, and even $10, grounded on Fibonacci extension levels.

“We were right on #XRP. RSI Weekly break, weekly trend break. Targets are clear. Nothing can stop what’s coming.” – Dark Defender (@DefendDark)

In a related development, VivoPower International, located in London, has raised $19 million in new equity funding, selling shares at $6.05 each, which is higher than its current market valuation. This funding supports the company’s XRP digital asset treasury strategy, reflecting sustained interest in keeping XRP as part of its financial reserves.