- XRP eyes $3.60 as resistance breaks, explosive surge possible soon.
- Key resistance looms; XRP’s breakout could send price skyrocketing.
- $3.60 target in sight for XRP, breakout could ignite momentum.
XRP is gearing up for a potential breakout, and experts are closely watching the key technical levels that could spark an explosive price surge.
According to analyst Ali Martinez, XRP is nearing a critical resistance zone that, if cleared, could send the digital asset soaring toward $3.60. Currently trading at $2.98, XRP has already made a solid recovery from its September low of $2.71, setting the stage for a major price move.
For the past two months, XRP’s price action has been tightly confined within a triangle pattern, marked by a descending resistance line and horizontal support between $2.70 and $2.80. This consolidation phase suggests that a breakout is imminent, with $3.60 emerging as the first significant target. The $3.60 level also coincides with the 0.236 Fibonacci extension zone, adding more weight to the bullish scenario.
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Breaking Through Resistance: XRP’s Path to $3.60 and Beyond
If XRP manages to clear the $3.10-$3.20 resistance zone, it will signal that the $3.60 breakout is within reach. Should the price successfully push past this key level, the next potential targets are in the $3.85-$4.00 range, aligning with a consolidation zone seen earlier this summer.
However, failure to break through resistance could lead to rejection, bringing the price back down to the lower boundary at $2.70. A drop below this support would invalidate the current bullish outlook, opening the door to further declines to $2.50 or $2.30.
October has traditionally been a strong month for XRP, and with volatility tightening, the next move will likely define the short-term sentiment. If the breakout materializes, XRP’s bullish momentum could carry it toward new highs, but failure to clear resistance could see the token fall back into its consolidation range.
The coming days will be crucial in determining whether XRP can ride the wave of bullish momentum or face a setback.
Also Read: XRP Finally Crosses $3 – Here’s Why the Price Is Up Today
