XRP Breaks Through Resistance, Could Hit $17 Target?

XRP is experiencing a surge, challenging the $2.20 resistance level and pushing towards potential breakouts above previous peaks. On-chain metrics show a significant increase in activity, suggesting quiet accumulation by investors. Key support levels remain at $2.00, with further upward movement hinting at a possible price increase to $17.50 if current trends hold.

The technical formation of an Ascending Broadening Wedge pattern adds to the bullish outlook. Analyst EGRAG CRYPTO highlights this pattern, indicating that the coming weeks could reveal whether it leads to a strong breakout or a sharp pullback.