XRP Shows Potential Breakout in Price and Dominance, Targeting Key Resistance Levels
The post XRP Shows Potential Breakout in Price and Dominance, Targeting Key Resistance Levels appeared on BitcoinEthereumNews.com.
XRP demonstrates significant strength by breaking key price and dominance levels, signaling renewed momentum in the crypto market. The cryptocurrency’s breakout is supported by strong volume and technical patterns, suggesting a potential continuation toward higher targets. According to COINOTAG, XRP’s dominance surge reverses a prolonged downtrend, positioning it for further gains in market share. XRP breaks key resistance with strong volume, reclaiming dominance and targeting $2.51 amid a bullish market shift and renewed altcoin interest. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Technical Analysis Reveals XRP’s Bullish Breakout and Price Momentum XRP has exhibited a textbook bullish breakout, moving decisively above the $2.41 resistance level after consolidating within a classic pennant formation. The price surged from $2.30 to over $2.41, supported by a sharp increase in trading volume that confirms the breakout’s validity. This price action aligns with a continuation pattern, where the cryptocurrency has maintained higher lows and tight price ranges before the breakout. The breakout was accompanied by a volume spike to over 1 million XRP, underscoring strong market participation rather than speculative moves. Holding above $2.41 is critical for sustaining this momentum, as a drop below $2.36 could signal a weakening of the bullish structure. Currently, XRP is targeting the $2.5096 level, representing the full projection of the flagpole measured from the breakout pattern. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a…
Filed under: News - @ July 12, 2025 8:27 am