XRP Price Outlook: Is a $3 Breakout Coming?

XRP is drawing attention in the crypto community thanks to its recent performance, sparking discussions about whether Ripple’s token could be on the brink of breaking the $3 resistance level. As bullish momentum continues across the market, XRP has emerged as one of the top performers at the start of the week.

Currently, XRP is showing strong upward momentum, outpacing several other major cryptocurrencies. The token registered a 5.23% gain in just 24 hours, suggesting increased trader interest and optimism around its short-term potential. According to the latest market data, XRP is trading near $2.9569, getting closer to challenging a significant psychological benchmark at $3.

On the hourly chart, XRP seems to have established a localized resistance point around the $3 level. This area may pose a short-term obstacle for further price growth. However, consistent trading volume and bullish sentiment could help push through this barrier. The coming hours will be key in determining whether buyers maintain enough strength to overcome this critical threshold.

Looking at the daily time frame, XRP is currently testing a key resistance level near $2.9750. A daily candle closure near or above this mark would indicate growing market strength and could trigger a move higher to the $3.10 zone. This breakout scenario is gaining credibility as overall crypto market performance remains strong, with many coins sustaining bullish trajectories.

Still, it’s important to observe how the daily candle closes tonight. If XRP ends the day with a long upper wick, it might signal seller pressure and raise the odds of a short-term correction. In such a case, XRP could retrace to support around the $2.70 zone before making any further advances. This range is worth monitoring for traders seeking both long and short opportunities amid volatility.

From a broader outlook, it remains too early to make long-term forecasts about XRP’s trajectory. However, the current price dynamics suggest a tug-of-war between bullish momentum and historical resistance. Until the $3 level is confidently breached and held, XRP may likely fluctuate in a tight channel, testing market patience.

With the asset trading just below a landmark level, XRP continues to be a token to watch closely. Investors and technical analysts alike are scrutinizing this zone for potential clues on whether Ripple’s native coin has the momentum to extend its recent rally.

For now, if bullish pressure remains consistent and key resistance levels are surpassed, we may very well see XRP in the $3.10 range. On the flip side, any sharp rejection could lead to a recalibration toward lower support zones, offering renewed entry points for traders and investors eyeing longer-term accumulation.

As it stands, XRP maintains a delicate balance, teetering just under its recent high and awaiting confirmation of either continuation or correction. Regardless of the next move, the token’s behavior in the coming sessions will provide essential insights into broader crypto market trends and trader sentiment toward Ripple’s ecosystem.

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

For continued momentum, XRP needs to close above local resistance levels and confirm bullish control. Otherwise, a potential pullback could temporarily disrupt its current progress. In any case, XRP remains a central figure in ongoing crypto narratives, especially as traditional resistance zones are tested heading into mid-July.