XRP is currently trading at a crucial support level of $1.11, with technical indicators suggesting a potential breakout that could lead to a significant rally. Since the beginning of the year, XRP has been forming a descending broadening wedge, a pattern often associated with late-stage accumulation. This structure, identified by analyst Egrag Crypto, carries a 57% probability of resolving to the upside. Key levels to monitor include the $1.11 support, which, if breached, could lead to a sharp decline to $0.32. Conversely, a move above $3 could signal a bullish reversal, potentially driving XRP to targets between $7 and $11. The upcoming Senate vote on the CLARITY Act could also act as a catalyst, potentially attracting $4–8 billion in ETF flows into XRP, further influencing its price trajectory.