XRP Nears Symmetrical Triangle Breakout With $3.07 Key Level

Meme coin SHIB is showing signs of a potential major breakout after consolidating in a descending triangle pattern, with strong technical support and growing utility through its Shibarium Layer-2 solution fueling optimism. Traders are watching closely as SHIB's price action suggests a loaded spring ready to propel the coin higher, backed by renewed community enthusiasm. Meanwhile, XRP is at a critical juncture, with multiple analysts highlighting key resistance levels around $3.07 and $3.60 as decisive points for confirming bullish breakouts. Technical patterns such as a symmetrical triangle and a weekly bull flag indicate that surpassing these levels could trigger significant rallies, possibly driving XRP toward targets as high as $23 depending on the breakout strength. However, caution remains warranted as failure to hold support near $2.55 to $2.77 could invalidate bullish setups and lead to downside risks. Overall, both SHIB and XRP are positioned for potentially explosive moves contingent on critical breakout confirmations amid a broadly recovering crypto market.