XRP Price Stabilizes Following Early Dip - Traders Target $2.40 Breakout Level

XRP has demonstrated price stabilization after experiencing an early trading session decline. Market analysts note the cryptocurrency is consolidating above key support levels as traders monitor potential upward momentum. Technical indicators suggest growing bullish sentiment among investors targeting the $2.40 resistance level. Trading volume has increased significantly during the recovery phase, with many market participants positioning for a potential breakout scenario in the coming sessions. The current price action indicates strong buyer interest at lower price points, creating favorable conditions for continued upward movement toward the identified target zone.