XRP price has struggled to break above the $3 psychological resistance in the past week, leading to a more than 20% drop from its recent peak of $3.66. Analysts remain hopeful for a potential breakout, with bullish targets set for $4.40 to $5.80 if the price holds above a critical support level at $2.95. Historical data shows that this level has previously acted as both resistance and support. Failure to maintain support at $2.95 could lead to a deeper correction towards $2.40, a level coinciding with substantial trading activity from previous years. A bull pennant pattern suggests that XRP could move towards $4.62, while a cup-and-handle formation on the daily chart indicates a possible target near $5.80, representing a roughly 90% gain from current prices. Analysts emphasize the importance of $2.95 support in determining XRP's next move amid ongoing market fluctuations.

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