XRP is facing essential resistance at $2.22 and crucial support at $1.99, leading to a technical squeeze.
A breakout above $2.31 could signal a trend reversal, with a target of $3.00 for XRP.
Bullish sentiment in XRP's price is being driven by regulatory certainty and progress in the SEC lawsuit.
Analysts predict that XRP could surge in price if it breaks above $2.31 with significant volume, indicating a genuine trend turn due to regulatory clarity and potential ties with major financial institutions.