XRP Price Prediction: Break Above $3 Could Signal Start of a New Bull Run
XRP Price at a Critical Level
The $XRP Price is currently trading around $2.77, consolidating within a narrow range. With resistance at $3.00 and support at $2.70, the token is poised for a decisive move. According to recent XRP News, market sentiment remains cautious as traders await a breakout confirmation.
XRP Price in USD in the past week - TradingView
This zone has become the battleground between bulls and bears, and the next breakout will likely dictate XRP’s direction in the coming weeks.
XRP Price Resistance at $3.00
The $3.00 mark stands as the most important resistance level. It aligns with the 50-day simple moving average (SMA) at $2.96, making it a key barrier for buyers. A successful breakout above $3.00 would not only mark a technical victory for bulls but could also ignite fresh momentum toward $3.61 and $4.00.
XRP/USD 1-day chart - TradingView
In upcoming XRP News, a $3 breakout would be seen as the catalyst for the next bullish wave.
XRP Price Support at $2.70
On the downside, $2.70 is the first major support. XRP has tested this level multiple times recently, and failure to hold it could push the token lower. The next key supports lie at $2.50 (200-day SMA) and $2.20. If the XRP Price slips below $2.70, market sentiment would likely turn bearish, with risks of a deeper correction toward the $2.00 mark.
XRP Price Prediction from a Technical Outlook
- Support Levels: $2.70, $2.50, $2.20
- Resistance Levels: $3.00, $3.61, $4.00
- Trendlines & SMAs: The descending trendline from August caps rallies, while the 50-day and 200-day SMAs remain key momentum indicators.
Currently, XRP is trapped between falling trendline resistance and horizontal support, a setup that typically leads to a sharp breakout in either direction.
XRP News and Market Sentiment
Recent XRP News has been mixed, with broader crypto volatility weighing on the token. However, optimism persists around potential regulatory clarity and institutional adoption, which could boost XRP’s outlook.
If Bitcoin stabilizes above its own critical supports, XRP may have a chance to ride the momentum higher. Conversely, continued weakness in the crypto market would make holding $2.70 increasingly difficult.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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