XRP is currently trading at about $2.83 with a 24-hour trading volume of $4.7 billion. While showing a minor daily rise, it has experienced a 7% decline over the past week.

Long-Term Chart Supports Higher Targets

Analyst EGRAG CRYPTO shared a monthly chart highlighting that both the price and the Relative Strength Index (RSI) are increasing. The upward momentum indicates strong bullish signals:

“The simultaneous upward movement of both the price and RSI suggests robust bullish momentum.” — EGRAG CRYPTO

The chart indicates no divergence, suggesting consistent momentum. Observers note that the $4 mark is crucial as a monthly close above that could initiate another upward phase.

Chart Example

Additionally, CRYPTOWZRD indicated that XRP has been trading within a triangle pattern over the last 75 days, with impending breakout potential.

“WHEN XRP MOVES, the breakout is coming sooner than you think… A rise above $3.05 could signal a trajectory towards $3.65!” — CRYPTOWZRD

$3.32 Holding as Significant Resistance

EtherNasyonaL discussed that the $3.32 level, a peak from 2017, has been tested multiple times as resistance. The price currently sits in a horizontal reassess zone below this threshold. The support level at $1.99 remains essential for maintaining positive market conditions. A move past the $3.32 line could lead to a larger rally.

Despite positive trends, traders remain cautious due to regulatory news and other market sentiments. The continuation of momentum, chart structure, and trading volume will be pivotal for XRP’s future movements.