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Analyst Says XRP Will Print a Big Breakout to $3 Once This Hurdle Is Resolved
XRP has finally cleared the key $2.60 resistance level, clearing the path for an extended upward trajectory towards $3.00. This pivotal moment marks a major turning point in the cryptocurrency’s recent price action.
Earlier this week, XRP staged a textbook breakout from a descending wedge formation, surging from $2.42 to $2.57 in high-volume trading activity. The subsequent rally brought the asset directly to the $2.60 barrier, one of the most critical resistance zones in XRP’s recent history.
Cryptoinsightuk, a respected analyst, had previously predicted that a breakout above this level would unlock a powerful upside continuation. With this hurdle now resolved, the stage is set for XRP’s price to potentially touch its all-time high of $3.84, last seen in January 2018.
The break above $2.60 has confirmed a bullish structure, institutional support is increasing, and broader market momentum is accelerating. As Cryptoinsightuk predicted, this move may be just the beginning.
In addition, on-chain data shows substantial whale accumulation, with large wallets holding over 47 billion XRP. This implies that institutional players are actively fueling the current upward trajectory.
Following $2.60’s decisive breach, traders are now fixated on the psychologically significant level of $3.00 as the next critical milestone.
Source: timestabloid.com
