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XRP Breaks $2.25 Resistance, Eyes $2.89–$3.00 With Fresh Bullish Momentum
By: cryptosheadlines|2025/05/05 17:30:01
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com XRP’s breakout above $2.25 signals a bullish shift, with targets mapped between $2.89 and $3.00.Sustained closes above the 21 EMA and $2.25 are critical to maintaining XRP’s bullish momentum.Short-term supports at $2.10 and $2.00 could define XRP’s strength during any retracement phases.XRP’s price action shows increasing bullish momentum after breaking critical resistance levels around $2.25. New technical patterns suggest XRP could target the $2.89–$3.00 range if momentum sustains in the coming sessions.Breakout Validates Bullish Structure Above $2.25XRP’s daily trading time frame reflects a crucial structural breakout following months of descending price action and consolidation. Sustained trading above major resistance zones has placed XRP into a new technical phase favoring upward expansion.Market analyst EGRAG CRYPTO provided a detailed technical analysis of XRP’s latest breakout developments on the daily timeframe. Given the chart’s layout, he observes XRP has broken out of a descending channel that persisted since January 2025. Interpreting the recent candlestick formation, he explains XRP closed above $2.25, officially triggering a bullish breakout signal.Source: EGRAG CRYPTOZooming into this move, EGRAG breaks down the next resistance targets between $2.89 and $3.00, aligning with the 0.786 Fibonacci retracement. Following this correction, he outlines that holding above $2.25 remains critical for maintaining bullish structure strength. He also references the 21 EMA on the 12-hour timeframe, explaining that XRP must continue closing above this level to sustain momentum.The chart includes important Fibonacci checkpoints: $2.20 (0.236), $2.28 (0.382), $2.73 (0.618), and $2.89 (0.786) supporting the upside pathway. Visual projections show a parabolic curve targeting the $2.89 zone, assuming no major rejections occur along the way. Volume accumulation since the breakout has strengthened conviction, confirming real buying pressure behind the move.Fresh Bullish Confirmation on Lower TimeframesThis shift in structure prompted another analysis on lower timeframes, from Ali Martinez, reinforcing XRP’s bullish case under evolving market conditions. He mapped an inverse head and shoulders pattern on the 4-hour XRP/USDT chart at Binance. Building on that pattern, he evaluated a neckline breakout at $2.25, projecting upside toward $2.70–$2.90. His chart also plotted Fibonacci extension levels, setting upside targets at $2.4991, $2.5776, and $2.7346.Source: Ali MartinezThat breakout led him to reassess key support levels, pinpointing $2.10 as essential for preserving the bullish setup. He identifies $2.00 as a minor backup support, guarding against deeper retracement risks if buying weakens. Price at the last recorded update held steady above $2.33, sustaining positioning for further rally attempts. Holding above $2.25 remains the technical pivot guiding short-term and medium-term directional trends for XRP’s ongoing move.Source link
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