XRP price has surged past the $3 mark, showing renewed bullish momentum in the crypto markets. With XRP making a notable breakout, investors are closely watching to see whether the rally can sustain itself and push even higher this week.

Key Levels That Matter Right Now

Analysts have zeroed in on crucial support and resistance levels that may define XRP’s path forward. The immediate support lies around $2.9, which could act as a foundation for maintaining bullish traction. On the upside, XRP faces potential resistance at $3.2, followed by more ambitious targets at $3.6 and $4.

XRP Breaks Out of a Descending Triangle

Price action has shown a significant technical pattern—a breakout from a descending triangle. This bullish breakout has propelled XRP toward the $3 zone. Should buyers maintain control and establish $3 as a new support floor, the digital asset could target the next resistance levels quickly. Holding above $3 not only strengthens confidence in the uptrend but also invites greater trading volumes, potentially lending further momentum to the rally.

Ripple XRP breakout chart showing price climbing above key triangle pattern. Chart by TradingView.

Momentum Shifting in Favor of Bulls

The technical rally is also seeing bullish momentum build up, though volume remains a concern. Despite the upward movement, the breakout occurred with lower trading volumes, signaling that not all traders are convinced just yet. A decisive increase in buy-side volume would confirm this breakout as the beginning of a larger trend rather than a short-term spike.

XRP trading volume remains subdued despite price breakout. Chart by TradingView.

MACD Supports the Upside Scenario

The daily Moving Average Convergence Divergence (MACD) indicator offers further evidence that the uptrend could be just beginning. The MACD has formed a bullish crossover, and the indicator appears geared for further upward movement. However, much like the price action analysis, this signal also hinges on volume. Sustained buy interest will be crucial in keeping the momentum alive and reaching new highs over the coming weeks.

MACD shows bullish crossover, pointing to potential new highs. Chart by TradingView.

With multiple technical indicators aligning in Ripple’s favor, XRP appears well-positioned for a strong performance if buying pressure intensifies. Traders and investors alike will be watching volume and support levels closely to confirm whether this momentum will carry XRP beyond $3.2 and potentially toward $4.

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

For historical and real-time updates, visit the original analysis at Ripple (XRP) Price Predictions for This Week.