The analysis focuses on XRP's recent price action, identifying a breakout attempt from a descending wedge pattern on the daily timeframe. Confirmation is pending the daily candle close, needing it to remain near current levels, approximately $2.94. Price targets post-confirmation include $3.60, followed by $4.00 and then $4.61. Crucially, the daily candle should not close below $2.87 to maintain breakout validity. A three-day chart indicates the Stochastic RSI is oversold, historically leading to upside price movement. The analyst is bullish and recommends Phemex exchange.