XRP Price Eyes Breakout as Bullish Momentum Builds

XRP price is poised for a potential breakout as bullish momentum builds in the market. According to a recent post by crypto analyst John Squire, there's an estimated 80% to 85% probability of another upward move.

The one-hour chart shows constructive price action, with XRP climbing rapidly after spending hours inside a narrow consolidation range. Buyers reclaimed several resistance levels within a relatively short trading session, extending the rally beyond the previous resistance between $2.30 and $2.35.

While holding above this zone could strengthen confidence among short-term market participants, sustained gains still depend on continued buying interest. Market participants also continue watching for an external catalyst to trigger another upward move.