🟪XRP is once again approaching the critical resistance level at $2.34 — the upper boundary of a symmetrical triangle that has been forming since December 2024. Momentum indicators, including the Parabolic SAR and TSI, signal increasing buying pressure. Sustained price action above moving averages and widening Bollinger Bands further support the likelihood of a breakout.
🟪Derivatives data and growing interest in long positions reinforce the bullish sentiment. A close above $2.34 could open the path toward $2.55 and $2.71. However, without sufficient volume, a pullback to the $2.22 support level remains a possibility.