XRP price has reached a multimonth high of $3.66 but is currently in a consolidation phase. A classic bull pennant formation identified on the 4-hour chart suggests a potential breakout toward $4.20 if the price surpasses the upper trendline. The 50-day EMA indicates a bullish bias, and the relative strength index remains neutral, allowing for further gains. Analyst Milkybull Crypto has set a $5.32 target based on Fibonacci extension, with upper possibilities reaching between $5 and $10. Additionally, the XRP Dominance Index plays a key role, currently below the critical resistance level. A confirmed breakout from this level could propel XRP to potentially reach $7 to $10 based on historical trends.

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