HomeXRP Price AnalysisXRP Nears Key $3 Milestone Amid Bullish Surge

XRP Nears Key $3 Milestone Amid Bullish Surge

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XRP is inching closer to the crucial $3 level, with momentum building and market optimism rising. The cryptocurrency has shown strong performance in recent sessions, surpassing a key resistance range between $2.50 and $2.60. This breakout places XRP on a trajectory toward a major psychological milestone, but one significant hurdle remains before it can make that leap.

Currently, XRP is approaching an area just under the $3 mark that has historically lacked significant testing. Previous rallies often ran out of steam before reaching this threshold, leaving the zone with few entrenched sell orders. From a technical perspective, these untested zones can present opportunities for explosive movement if buying pressure intensifies. That build-up is happening now, preparing for what could be a defining week for XRP holders and investors alike.

With attention turning to the upcoming Monday trading session, market watchers are expecting a surge in volume and liquidity. Typically, the start of the trading week sees increased investor activity, and in XRP’s case, this could provide the juice needed for a decisive push past this final barrier.

Analysis of XRP’s daily charts supports a bullish narrative. Key moving averages — including the 50-day, 100-day, and 200-day lines — are aligned favorably and show upward momentum. This technical alignment points to a strong shift from a consolidation phase into a more aggressive upward trend. These bullish patterns, combined with the macro support from a broader crypto market recovery, make this moment especially critical.

However, traders should also keep an eye on the Relative Strength Index (RSI), which has climbed above 80. This suggests XRP may be overbought in the short term. High RSI readings often precede minor corrections as short-term traders lock in profits. Still, in trending markets like this, elevated RSI levels can linger as long as demand remains high, driven by institutional participation and retail interest.

Much of the recent enthusiasm around XRP comes backed by significant trading volume, which hints at larger players accumulating positions. These volume spikes lend legitimacy to the uptrend and suggest the move is more than just another retail-driven rally.

If trading in the early part of the week starts strong, even a single robust bullish candle could propel XRP past its last barrier. Clearing this resistance zone could establish a new support floor and allow the digital asset to revisit levels not seen since the height of the last major bull run.

A confirmed breakout in the $2.90 to $3.00 range — especially on growing volume — would likely entice sidelined buyers to step in. This would enhance bullish momentum, potentially catalyzing further gains and pushing XRP into uncharted territory for the current market cycle.

In conclusion, XRP stands on the verge of a monumental technical and psychological breakthrough. With strong fundamentals, technical support, and growing market sentiment, the next few sessions could determine whether XRP successfully conquers the $3 level or faces a temporary pullback. Either way, XRP remains in the spotlight as one of the most closely watched assets in the crypto landscape.

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

XRP price chart

Quick Summary

XRP is inching closer to the crucial $3 level, with momentum building and market optimism rising. The cryptocurrency has shown strong performance in recent sessions, surpassing a key resistance range between $2.50 and $2.60.

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.

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