- XRP nears $3 milestone, testing critical resistance and support zones for bulls.
- Breakout above $2.93 could open path to $3.07–$3.10, momentum key to follow.
- Closing above $3.07 and 55 SMA may confirm stronger bullish rally toward $3.40.
XRP has surged above the key $2.90 level, a move that signals a potential continuation of its upward trend and has put the much-discussed $3.00 milestone in sight.
Market participants are now closely tracking the price as it tests a series of critical resistance levels that top analysts say will determine the short-term direction for the token.
XRP Breakout Momentum and Analysts’ Outlook
According to Ali Martinez, the breakout past $2.90 marks a strong shift in market sentiment. The consolidation phase between $2.80 and $2.90 appears to be ending. Consequently, bulls are testing the higher resistance zone.
Martinez highlights $2.90 as the immediate support, with $3 acting as the next major resistance level. If momentum continues, a push beyond this level could strengthen the case for higher gains.
JR also points out the importance of the $2.81–$2.84 area on the 4H chart. XRP is hovering close to this zone, and a breakout above $2.93 could open the door to $3.07–$3.10.
Related: How Far Will XRP Reach When Bitcoin Hits $2.97M?
However, JR warns that losing $2.81 could shift momentum in favor of sellers. In that case, the price may slide toward $2.74–$2.67, creating pressure on bullish traders.
Throwback or Fresh Rally?
EGRAG CRYPTO notes that XRP is at a turning point. Closing above $2.94 with conviction would signal that bulls are regaining control. A decisive move above the 33 SMA near $3.01 would strengthen this case.
Additionally, a close over $3.07, aligning with the 55 SMA, could confirm a stronger rally. EGRAG suggests that $3.40 would act as the ultimate bullish signal.
On the other hand, if XRP struggles in the $2.94–$3.00 range, a continuation of the throwback is more likely. This uncertainty keeps traders cautious, as XRP faces one of its most important tests of the quarter.
Market Performance and Investor Sentiment
XRP is trading at $2.98 as of press time, showing a 3.13% gain over the last 24 hours. The token also posted an 8.04% increase over the past week. With a circulating supply of 60 billion tokens, XRP holds a market cap of more than $177 billion.
Related: XRP Price Prediction: Analysts Eye $3.20 Rebound As Trump Endorsement Sparks Optimism
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