The post XRP: Amid potential breakout signs, bulls look to hit $3.40 appeared on BitcoinEthereumNews.com.

XRP eyes breakout from symmetrical triangle; support at $2.00-$2.11 remains critical. Whale wallets continue accumulating, hinting at a bullish long-term outlook. XRP is at a pivotal point, consolidating within a symmetrical triangle on the daily chart. With price action compressing and whale accumulation strengthening, all eyes are on whether XRP can break out above its descending resistance. A successful breakout could ignite a rally toward significant price targets, placing $3.40 back on the radar. XRP consolidates On the daily timeframe, XRP traded at $2.18, resting near the lower bound of a well-defined symmetrical triangle pattern. This technical formation often signals a continuation or a reversal, depending on the breakout direction.  The pattern has seen multiple price reactions at both support and resistance lines, tightening into an apex, a common precursor to a significant move. Source: TradingView The lower support zone around $2.00-$2.11 has historically held firm, reinforced by high volume nodes visible on the Volume Profile Visible Range [VRVP]. As XRP approaches this key support with declining volatility, bulls may be preparing for a rebound. Price targets on breakout confirmation Should XRP break decisively above the descending resistance trendline, the next immediate target lies at $2.60, followed by $2.84, $3.00, $3.21, and eventually $3.40.  These levels align with Fibonacci retracement zones and past price action clusters. The Relative Strength Index [RSI] also suggests the asset is not in overbought territory, leaving room for upward movement. If XRP fails to hold the support at $2.00, downside risks could emerge, with the next support zones resting near $1.77 and $1.60. On-chain signals point to Whale confidence On-chain data from Santiment reveals that large holders, particularly wallets holding 1,000-10,000,000 XRP, have steadily accumulated through Q1 2025. The red and cyan lines on the accumulation chart show a persistent upward trajectory, particularly among the…

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Filed under: News - @ March 30, 2025 9:13 am