Carl Moon Targets $2.90 XRP as Price Finally Breaks Out of Narrow Range
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- XRP breaks out of a tightening trading range after weeks of consolidation.
- Analyst Carl Moon says bulls must reclaim $2.65 to sustain bullish momentum.
- Technical indicators point to $2.39 as key support and $2.9 as next resistance.
XRP is showing signs of upward momentum after finally breaking out of a tightening price range that held it in place for most of October. Binance’s 6-hour chart shows the token moving above a wedge formation, indicating renewed buying interest.The breakout comes after several days of low volatility, with XRP trading between $2.35 and $2.65. Such consolidation periods often precede bigger moves, and traders are watching for signs that strength can continue.
Related: Watch out for $2.60 to $2.70 XRP Price Range Today as Institutional Adoption Accelerates
Crypto analyst Carl Moon observed that XRP’s recent move unfolded exactly as he…
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