Ripple (XRP) Defies Market Dip, Eyes $4 Following Breakout and High Volume

• Ripple (XRP) flipped a key resistance level into support, signaling potential for a bullish rally despite market turbulence.
• After a brief dip, XRP regained ground, maintaining key support levels and showing resilience.
• Analyst predicts XRP could surge to $4, following a confirmed breakout and strong trading volume.

Ripple (XRP) has flipped a crucial resistance level into support, setting the stage for a potential surge in price. Despite the broader crypto market experiencing turbulence, with major altcoins bleeding and losing momentum, the token has proven its resilience. The asset managed to hold strong, avoiding significant declines even as Bitcoin’s recent downturn caused ripples across the market.

Following a brief dip, the token quickly recovered and maintained its position above key support levels. This performance highlights the coin’s stability and potential for a bullish breakout. Over the past week, XRP has gained 1.86%, while its 30-day performance shows a modest decline of 2.36%. These numbers suggest that XRP is building momentum for its next leg up.

At the time of writing, the token is priced at $2.44, with a 24-hour trading volume of $10.38 billion. The asset boasts a market cap of $140.57 billion, granting it a market dominance of 4.28%. Although the token has slipped by 3.86% in the past 24 hours, this could indicate a period of consolidation before the next major rally.

Ripple (XRP) Defies Market Dip, Eyes $4 Following Breakout and High Volume 4

XRP Poised For $4 Target

Prominent crypto analyst “World Of Charts” has shared a bullish outlook on XRP, stating, “The breakout has been confirmed with strong trading volume. This positions the token for a continuation of its rally in the coming days, potentially pushing the price toward $4.”

The analyst emphasized that XRP’s ability to flip a major resistance level into support is a significant technical development. Historically, such flips have preceded substantial upward price movements in the crypto market. The strong trading volume accompanying this breakout further supports the bullish narrative, indicating growing investor interest and confidence.

“Volume is a critical indicator of market sentiment,” the analyst explained. “When we see rising volume alongside a price breakout, it suggests that buyers are in control, paving the way for sustained price increases. If the token maintains its current trajectory, the $4 target could be within reach in the short term.”

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