XRP Hits New All-Time High, Consolidation Leads to Potential Breakout

XRP cryptocurrency has reached a record high of $3.65 after a 61% surge from its previous low of $2.27 in recent weeks. This rally stalled at the resistance level of $3.65, leading technical traders to examine a falling wedge pattern. This pattern often signifies a potential reversal and renewed upward momentum. Analysts are drawing parallels to XRP’s 2017 bull market structure, predicting potential price targets between $5 and $7 if resistance breaks.