XRP has gained over 10% in the past week, reaching around $2.2 despite a slight pullback.
Analysts are eyeing a potential breakout towards $4, following a significant move last year when XRP surpassed $2 after years of trading below.
Technical analysts suggest that XRP's breakout above $1.97 in November 2024 established a positive trend, with support now seen at this level.
With a tightening triangle pattern on the daily chart and increasing accumulation, traders anticipate a mid-term target of $4.60 for XRP, contingent on overcoming resistance and regulatory challenges.