Compass Investments

– XRP jumped 5% , retested its bullish breakout and targeted $3.67, as expert forecasts, good online performance and technical analysis point to continued growth and growing investor interest.

Ripple [XRP] successfully tested its bullish breakout thanks to a 5% rise in price.

This retest is not only a cause for optimism for XRP holders, but also a likely confirmation of the upside momentum.

reflecting the current market optimism, a well-known crypto expert shared a bold prediction on X (formerly Twitter), writing: XRP’s next target is $3.60.

The prediction was based on a flag and shaft breakout model and quickly went viral, garnering 63,000 views.

At the time of writing, XRP was trading at $3.28, having gained 5% over the past 24 hours. This rally followed a successful retest of the breakout and attracted increased attention of investors and traders.

According to CoinMarketCap, XRP’s trading volume jumped 15% overnight compared to the previous day.

Such a sharp rise in price and trading volume can be explained by the interest of investors and long-term holders who have started to accumulate the token.

The Coinglass analytics platform shows that $32.68 million worth of XRP tokens have left exchanges, indicating potential accumulation.

Also, such a negative inflow of funds from exchanges indicates strong buying pressure and could trigger a significant upward rally.

At the same time, traders are also following the same trend. Data shows that for XRP, the main liquidation levels are at $3.16 and $3.31, where traders are using excessive leverage.

In addition, at these levels, they have created $122.14 million in long positions and $54.40 million in short positions, which are likely to be liquidated as the price rises.

If we combine this network data with the expert’s bold forecast, then it appears that the bulls are dominating and pushing the asset to maintain the bullish momentum.

In addition, the $3.31 level appears to be the only hurdle XRP faces; if it surpasses this level, the asset could see a significant price increase.

AMBCrypto’s technical analysis showed that XRP turned bullish after the breakout and retest of the bullish flag and pole pattern formed on the four-hour chart.

At the time of writing, the asset is facing resistance at $3.29.