XRP Breakout Could Trigger Major Surge Past $3 Mark

XRP has once again captured the attention of traders as its price action edges closer to a critical breakout point. The XRP market is seeing a surge in momentum as the token tests a pivotal resistance level that could catalyze a broader rally, pushing the asset’s recovery to new heights.

Currently priced around $2.18, XRP is challenging its 100-day Exponential Moving Average (EMA), which historically signals significant trend shifts. What adds weight to this scenario is XRP’s recent rebound from the $2.00 support region, bolstered by the 200 EMA. This has made the $2.00 zone a foundational level for bulls aiming to maintain upward momentum.

The 100 EMA resistance near $2.21 now acts as the immediate hurdle. If XRP can close convincingly above this level, it opens the door for a climb toward $2.50. A successful breakout above this trendline may even fuel a push toward the psychological barrier of $3, a target many traders have been monitoring closely.

Adding to the bullish outlook is the symmetrical triangle pattern forming since February, which is tightening toward its apex. A breakout at this stage often results in sharp price movements. However, the current lack of increasing trade volume is a cautionary factor. Sustained growth requires more robust trading activity to validate the bullish move.

XRP traders are also watching the Relative Strength Index (RSI), which remains in a neutral zone. This suggests there is still room for upward movement without pushing the asset into overbought territory. However, if XRP fails to pierce the 100 EMA, a fallback to the $2.00 support seems likely, with the 200 EMA becoming the last line of defense for bulls.

Meanwhile, Shiba Inu (SHIB) is also displaying bullish signs after a notable recovery near its $0.0000127 support level. The asset rebounded over 4% and reclaimed its 50 EMA, another key technical level that often serves as a launchpad for trend reversals. The move indicates a sharp resurgence in buyer activity, especially at crucial inflection points.

For SHIB, the next target lies near its 100 EMA, around $0.000014. Previously acting as resistance during April, this mark will be critical in confirming any sustained upward movement. Just like XRP, SHIB’s rise must also be backed by an increase in trading volume to avoid stalling once again.

Technical indicators show SHIB’s RSI holding near mid-levels, implying further upside potential without immediate risk of overextension. If volume fails to join the rally, though, SHIB’s price could enter a consolidation phase before attempting another move up.

As attention centers around the crypto market’s larger trajectory, Bitcoin has finally touched the much-anticipated $100,000 milestone. This psychological and technical level has long been a target for bullish investors. However, despite reaching it, Bitcoin’s volume growth remains underwhelming, raising questions about sustainability in the short term.

Chart analysts detect a potential cup-and-handle structure developing from January through May. If confirmed, this formation could push Bitcoin toward $105,000 and possibly even $110,000. However, current RSI levels hovering above 70 suggest the asset could be nearing an overbought state, aligning with historical resistance behavior near whole number thresholds like $100K.

If Bitcoin fails to decisively breach this level, it may retrace to $92,000 or even lower, toward the 100-day EMA. Still, as long as Bitcoin maintains a firm position above key moving averages, the long-term uptrend remains intact. The crypto community is closely watching whether Bitcoin will confirm this level as support or face a deeper pullback.

Returning to XRP, its current chart structure and rising momentum signal strong potential. As it challenges the 100 EMA, a break could turn this moment into a catalyst for a major rally toward $3. For now, all eyes are on this resistance stretch as the next few trading sessions could define Ripple’s path forward in the broader bullish landscape.

With the market still brimming with cautious optimism and strategic resistance levels being tested across major assets, the coming days will play a crucial role in shaping the next phase of this crypto bull cycle.

Related: Expert Advice: Sell XRP If You’re Confused

XRP | XRP payments | Shiba Inu reversal | SHIB trading volume | Bitcoin defense | BTC rally reactions