XRP Price Surge: Breakout or Bull Trap? Technical Experts Debate

Ripple’s XRP has experienced a sharp upward move in recent days, soaring over 10% to trade near $2.50. The token rebounded after an earlier dip below $2.20 this week, with trading volume exceeding $4 billion as technical analysts debated whether the rise signifies a sustainable rally or a short-term market reaction. Analysts are closely observing the token’s price action and patterns to discern if it signals a breakout or a temporary correction.