XRP Price Surge Approaching a Key Breakout Point, Bulls Eyeing $2.30

The XRP price is poised for a breakout as traders anticipate significant movement near the crucial level of $2.30. Recent data shows a tight consolidation within a narrow range, with prices currently trading around $2.25 after a brief dip to $2.21 on June 3rd. The past 48 hours have witnessed XRP forming a symmetrical triangle pattern between the support zone of $2.22 and resistance level of $2.28. This consolidation is likely signaling a turning point, as both bulls and bears are waiting for market momentum to trigger a breakout. 5-hour chart data shows the pressure is mounting in anticipation of a decisive move.