XRP has finally broken above a major resistance zone, igniting fresh bullish momentum across the market.
After weeks of consolidation, the token closed above the $3.03–$3.08 range, a level that had capped gains for months. This decisive breakout has shifted sentiment, with traders now eyeing higher targets as momentum indicators flash green.
XRP Market Performance Analysis
The XRP Technical charts confirm the bullish setup. The Relative Strength Index (RSI) has crossed into favorable territory, hovering around 58, a level that historically precedes strong rallies.
Volume has also spiked, reflecting growing buyer confidence. Analysts say this confluence of price action and momentum signals could pave the way for XRP’s next big move.
Immediate resistance sits at $3.30, with further upside targets at $3.65 and $4.20. On the downside, support is clustered between $2.72 and $3.00, levels bulls must defend to keep the trend intact.
ETF Speculation Adds Fuel, But Doubts Remain
Adding to the buzz is renewed speculation around a potential XRP ETF. Supporters argue that Ripple’s partial legal clarity and XRP’s utility in cross-border payments make it a prime ETF candidate. An approval, they say, could unlock institutional inflows and trigger a powerful demand surge.
However, skeptics caution that XRP’s regulatory status remains murky in several jurisdictions. Unlike Bitcoin and Ethereum, XRP’s classification is still contested, raising doubts over whether an ETF is likely in the near future.
Even if approval comes, some analysts argue that XRP’s utility-focused design may limit its appeal as a traditional investment vehicle. For now, ETF chatter remains speculative, but it has injected optimism into the XRP community as the token tests key levels.
Whale Selling and Short-Term Pullbacks
Despite the bullish setup, on-chain data shows that whales have offloaded over 160 million XRP in recent weeks. Historically, such large-scale selling reflects profit-taking and risk management by institutional players. Yet, XRP’s ability to stabilize around $3 despite this pressure signals strong retail demand.
Short-term pullbacks have also been noted, with traders highlighting key support between $2.87 and $2.95. Analysts suggest these dips could provide entry points for bulls aiming for the next breakout above $3.30.
Overall, XRP’s resilience, improving technicals, and growing adoption narratives suggest the token is gearing up for its comeback. The coming days will determine whether bulls have the strength to extend this breakout into a sustained rally.
Cover image from ChatGPT, XRPUSD chart from Tradingview
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