Ripple's XRP is currently down more than 1%, trading at $2.78. For breakout confirmations, XRP will need to exceed the $2.80 swing peak reached on February 4th. The market could still face resistance until we see confirmed breakouts.
Resistance level exceeds current prices
In a smaller time frame, Prices fluctuate near different support areas, close to current price levels. Once the XRP exceeds $2.80, the next resistance levels are $2.96 and $3.30. This is important. Because if the rally is fixed, analysts don't expect it to go far beyond the previous high. If the price is above $3.30, the market may need to reassess whether the pullback is already complete and whether the market is ready to push higher.
Possible pullback
If prices return to the support zone, this could provide traders with the opportunity for pullback traders to enter the market. However, when prices break out directly, attention shifts to the area of resistance, with $3.40 at a critical level of monitoring.
Potential targets for XRP
For bullish scenarios, the price should exceed the January high of 3.40. If this occurs, XRP can move to $4.20, $5, or even $6.60, allowing you to complete the 5-wave pattern in order. Massive fixes could then continue. Another height is ideal, but the market may take some time to check this.
There is a lot of resistance ahead, and it is important to stay cautious. No confirmed breakouts have yet to occur and prices may rise, but pullbacks to support areas may occur before the new high.
