XRP Recovery Signals Bullish Momentum Toward $3.40

XRP recovery has caught the attention of crypto analysts and investors alike, as the digital asset stages a strong rebound following recent market volatility. The cryptocurrency appears to be gaining steady traction, approaching key resistance levels, and targeting a potential move toward the $3.40 mark.

Despite a turbulent short-term dip that saw XRP fall to $2.307, investor confidence has returned. The asset is showing a consistent pattern of higher lows, signaling an optimistic outlook. This V-shaped recovery is supported by heightened trading activity, bolstering chances of an upward continuation if critical support zones remain intact.

According to market observers, strong buying interest emerged at lower levels, setting a positive trend in motion. XRP’s ability to hold above $2.35-$2.40 has become a key focal point for traders who are now eyeing the next resistance range near $2.39 and beyond.

Technical Breakdown: Bullish Signals Emerge

Over a 24-hour span, XRP displayed a relatively stable trading corridor, fluctuating between $2.307 and $2.396. A sharp sell-off around 16:00 led to the session low of $2.307, driven by high trading volume totaling 77.9 million tokens. However, this dip was short-lived as buyers quickly stepped in — particularly active during the 13:00 to 14:00 window — aiding in a swift recovery.

Momentum shifted upward as XRP formed a clear pattern of ascending lows. The digital asset retested resistance around $2.39 in early morning trading, further enhancing the bullish case. Notably, from 01:00 onward, volume surges were observed when XRP touched $2.358 and then steadily climbed to $2.368, indicating healthy demand and accumulating interest across multiple exchanges.

During the 02:03 session, XRP reached a new local high of $2.369, sustained by a solid volume of 539,987 — a critical signal of ongoing market strength. Currently, XRP is consolidating above the $2.368 support level, with reduced volatility pointing to strengthened market control by bullish hands. If the asset maintains this trajectory, analysts suggest that a breakout above $2.40 could pave the way toward its $3.40 target.

What’s Supporting the Uptrend?

Several technical indicators align towards a bullish scenario for XRP. The volume-supported rebound, higher lows, and successful retests of resistance zones all indicate resilience. Moreover, broader macroeconomic trends and ongoing developments in crypto regulation continue to shape XRP’s market performance.

If support remains strong and momentum holds, XRP could retest prior highs and ultimately aim for the $3.40 level — a figure many analysts have pinpointed as a psychologically and technically significant target.

For deeper insights, readers can refer to XRP price path to $3.40 remains intact — Here is why by Cointelegraph and XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds on Bitcoin.com News. NewsBTC has also weighed in on XRP’s future potential in their article XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing.

As always, investors should interpret technical analysis alongside broader market conditions and remain cautious of sudden shifts in sentiment. XRP’s current path suggests optimism, but sustainable gains depend on continued volume support and market volatility staying in check.

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

Disclaimer: This content was developed and reviewed in accordance with CoinDesk’s editorial standards. For further transparency on content generated with AI, see CoinDesk’s AI Policy.

Sources

• XRP price path to $3.40 remains intact — Here is why, Cointelegraph, May 16, 2025.
• XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds, Bitcoin.com News, May 17, 2025.
• XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing, NewsBTC, May 17, 2025.