XRP Price Analysis: Bulls Target $3.80 Breakout

The XRP price continues to show bullish momentum, suggesting a potential breakout as market sentiment remains optimistic. Over the last 24 hours, XRP has seen a mild uptick, indicating buyers may be regaining control, particularly after a key resistance level was tested.

Currently, XRP is hovering near the $3.58 level, which marks a significant short-term resistance. If buying pressure persists, there’s a strong likelihood that XRP could advance into the $3.60 to $3.65 range. This area has become a crucial zone for traders eyeing a short-term rally, especially as recent market behavior leans towards upside continuation.

Looking at the hourly chart, XRP is walking the tightrope at a local resistance. Despite a modest 0.78% rise, the bulls are aiming to maintain this foothold. Should the momentum hold, we may soon witness a decisive move over the $3.60 mark, which could trigger more aggressive buying activity and short-term optimism.

Taking a broader perspective, the daily chart highlights a critical juncture at $3.5495. Closing the day above this barrier could spark a powerful upward surge. Market observers are keeping a close eye on this level, as it marks the gateway to the next target area around $3.80. The sustained bullish energy over this threshold may solidify a strong technical case for further gains this week.

From a medium-term standpoint, XRP has already surpassed the previously stubborn resistance at $3.40. This breakout serves as a signal of underlying strength in Ripple’s market structure. As long as the price remains comfortably above this former ceiling, the path of least resistance remains upward. Many analysts foresee the potential for XRP to push into uncharted territory, possibly setting a new all-time high.

Despite broader market fluctuations, XRP at press time is trading around $3.5512. This positioning keeps the token within striking distance of key breakout levels. Market participants will be watching closely to see if Ripple’s native cryptocurrency can muster the strength to rally further — particularly as momentum continues to build.

The upward trend for XRP remains valid through the remainder of this week unless the token slips below the $3.40 support zone. If buyers can maintain dominance, a test of the $3.80 level could become reality in the near term.

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

In summary, the charts strongly hint at continued bullish sentiment for XRP, underpinned by reliable technical support and renewed investor interest. While caution remains wise in volatile crypto markets, all eyes are on whether XRP can break above key resistance and sustain its momentum.