HomeXRP Price AnalysisXRP Surge: Can Ripple Break Past $3 Resistance?

XRP Surge: Can Ripple Break Past $3 Resistance?

-

XRP has caught the attention of traders once again as buying momentum surged, pushing the price up rapidly. This week marks a critical point for Ripple, as the cryptocurrency grapples with a stubborn resistance at the $3 level, igniting speculation about its next major move.

Key Support Level: $2.6

Key Resistance Levels: $3, $3.4

Buyers Drive XRP Momentum

Momentum in XRP’s market has picked up sharply, with bullish investors fueling a rapid ascent over the past several days. The cryptocurrency moved from $2.3 to $3 in less than a week—an impressive 30% jump. This landmark move represents XRP’s first attempted breakout at the $3 threshold since March, highlighting increased confidence among traders and institutions alike.

Resistance at $3 Poses Challenge

At present, XRP is at a decisive crossroads. The $3 resistance looms large, and while recent buyer strength has brought the token close to overcoming it, a breakthrough hasn’t arrived yet. Should Ripple manage to close above this critical level, it could trigger renewed bullish sentiment and open the door for a path toward uncharted highs. However, if the price gets rejected again, selling pressure could mount quickly—signaling a potential reversal or pullback. The next several days are likely to shape XRP’s medium-term trajectory.

MACD Shifts to a Bullish Trend

Another pivotal indicator pointing to positive momentum is the Moving Average Convergence Divergence (MACD), which turned bullish on the weekly timeframe. This development hints at a broader bullish structure forming beneath surface-level price action. Even if the current resistance holds in the short term, underlying technical strength indicates that it may only be a matter of time before XRP overcomes this barrier.

Should the token successfully push through the $3 resistance, the next targets are well-defined. Bulls will likely aim first for $3.4, and beyond that, XRP could challenge its previous all-time high of $3.6. These figures will serve as benchmarks for evaluating Ripple’s strength in the coming trading sessions.

For now, XRP’s short-term fate hinges on its ability to sustain momentum above key psychological thresholds. Continued support above $2.6 is essential to avoid a deeper correction, while breaching the $3.4 level would bring renewed excitement and broadcast strength to the entire altcoin market.

Related: XRP Price: $12M Max Pain for Bears

With technical indicators aligning and bullish sentiment on the rise, XRP enters this critical juncture with heightened volatility and opportunity. Traders and long-term holders alike will be watching the charts closely to determine whether Ripple is ready to turn this rally into a historic breakout.

Quick Summary

XRP has caught the attention of traders once again as buying momentum surged, pushing the price up rapidly. This week marks a critical point for Ripple, as the cryptocurrency grapples with a stubborn resistance at the $3 level, igniting speculation about its next major move.

Source

Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.

Author

Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.

Editorial Note

Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.

Follow & Stay Updated

LATEST POSTS

Bitcoin Bollinger Bands Signal -39% Target

XRP enthusiasts are reignited by a cryptic $589 price target, while Shiba Inu faces potential selling pressure after significant exchange deposits; could these factors set the stage for surprising moves as Bitcoin eyes a key level? Dive into the analysis and prepare your portfolio for what's next.

XRP Signals; Crypto News: Cross-Chain Bridge

Ripple's massive XRP transfer has the market on edge, but a groundbreaking Cardano-Solana collaboration could signal a new era of interoperability and bullish momentum. Is this the spark that ignites the next crypto bull run?

Bitcoin ETF Flows Show Positive Signals

XRP and Solana ETFs are bucking the trend, raking in impressive inflows as investors look beyond Bitcoin and Ethereum. Could this be a sign of altcoins taking center stage?

XRP Signal Targets Price Surge

XRP's 3-week Stochastic RSI just hit a rare 0 level, a signal last seen at the 2022 bear market bottom, hinting that selling pressure may be drying up. Could this technical indicator, combined with broader market dynamics, signal a potential bottom for XRP?

Most Popular