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XRP has increased by over 1% today, indicating a positive shift in investor sentiment. The digital currency remains above the zero mark, while Bitcoin and Ethereum are both in the red. Experts view the strength of the coin as a reflection of the market's anticipation of a long-term breakout.
Despite a short-term increase in value, the token is still struggling to overcome a significant resistance area at $2.75, a key hurdle to the $3.00 level. According to traders, conquering this resistance level may lead to even higher prices. The asset's continuing positive performance during the market's general downturn supports the bullish view.
XRP is currently trading at $2.64, with a slight decline of 0.48% for the day, according to CoinMarketCap figures. The slight dip has not stopped its 24-hour trading volume from growing by 1.15% to $5.37 billion. Such activity is a sign of ongoing market engagement even in the face of temporarily bearish conditions.
XRP's market cap is $158.49 billion, and its fully diluted valuation is $264.07 billion. The ratio of volume to market cap is 3.38%, which suggests that there is constant liquidity in exchanges.
The coin has reached $2.6578 and then slowly descended. Then there was a slight recovery during the night and early morning. The 60.01 billion tokens in circulation out of a total of 99.98 billion XRP reflect a healthy supply-demand balance. With a profile score of 61%, a fair degree of investor confidence remains.
Although small red candles dominate the chart, it continues to trade within the $2.60–$2.67 range, showing a tug-of-war between buyers and sellers. Experts suggest a breakout beyond $2.75 may shift the trend decisively upward.
A separate TradingView analysis by EGRAG Crypto shows the coin forming a bullish pennant—a continuation pattern that typically follows a sharp upward rally. This formation, visible on the weekly chart, spans from 2018 to 2025, forming a narrowing triangle with lower highs and higher lows.
EGRAG’s chart identifies three main continuation structures: falling wedge, bullish rectangular, and bullish pennant. Among these, the bullish pennant stands out as a dominant structure, outlined in green. The pattern typically begins after a strong price surge, followed by a period of sideways consolidation before another rally resumes.
The flagpole represents its earlier 2017–2018 rally, while the multi-year consolidation reflects investor accumulation. The projection, indicated by a tall green arrow, points toward a potential breakout that could drive the price near $7.00 if the resistance level is broken.
At the time of the analysis, the altcoin traded around $0.55, showing a 5.47% intraday rise in earlier chart data. Green zones indicate strategic entry and stop levels, suggesting how traders might manage exposure. While the analysis remains speculative, it reflects strong optimism in its long-term potential.
Could the coin's multi-year bullish pennant finally set the stage for a breakout that redefines its long-term trajectory?
XRP continues to demonstrate strong investor sentiment despite market volatility. With a bullish pennant forming and rising trading volume, analysts believe the token could soon challenge its key resistance at $2.75. If successful, this move may position it for a significant long-term breakout toward $7.
Read More: Ripple’s XRP ETF Misses Deadline Again: Is Rejection Coming?
