XRP Faces 17% Breakout Challenge Amid 1.5 Billion Token Barrier

XRP has signaled a potential 17% breakout following a confirmed cup and handle pattern and bullish divergence, according to BeInCrypto. The breakout, however, faces a significant hurdle with 1.5 billion XRP tokens at break-even levels between $1.41 and $1.42, posing potential selling pressure. Exchange Net Position Change data indicates increased XRP movement to exchanges, suggesting emerging selling pressure. For the breakout to succeed, XRP must clear resistance at $1.435 and absorb the overhead supply at $1.41-$1.42. A successful breakout could push XRP toward $1.811, while failure risks a decline below $1.278.