XRP Makes First Major Move Before $3
The post XRP Makes First Major Move Before $3 appeared on BitcoinEthereumNews.com. As XRP moves closer to the psychologically crucial $3 level, it has finally crossed above the $2.40 barrier, which is the first noteworthy technical milestone. Inside a clearly defined ascending channel, XRP has been rising steadily over the last few weeks. A significant change in sentiment and bulls’ willingness to defend higher price levels, which had not been observed since the beginning of the year, are demonstrated by the recent push above $2.40. The $2.40 region has historically served as a potent resistance zone. Prior to retracing into the $2.00 range, price action in late 2024 and early 2025 repeatedly stalled at this level. The breakout is occurring this time against a backdrop of improving momentum; the daily RSI has risen above 67, indicating continued buyer interest without yet reaching the risk zone of overbought conditions. XRP/USDT Chart by TradingView Technically speaking, XRP needs to overcome this first obstacle in order to retest the $3.00 mark, which has become practically legendary among traders. When XRP last came close to $3, it was the target of strong selling pressure, which led to a harsh rejection and weeks of corrective downside. The $3 level became the most powerful resistance on the chart after that rejection. Volume is also beginning to awaken. Trading activity has increased in recent sessions, indicating a resurgence of speculative interest. You Might Also Like Higher volume and a break of local resistance both increase the likelihood of follow-through buying, which is exactly what XRP needs to prevent another fake-out. The ability of bulls to maintain the $2.40 level as support will determine the next leg higher. In the upcoming weeks, if this breakout is verified, XRP may aim for the $2.70-$2.80 range, preparing for the ultimate move to $3. In the end, the true test is yet to…
The post XRP Makes First Major Move Before $3 appeared on BitcoinEthereumNews.com.
As XRP moves closer to the psychologically crucial $3 level, it has finally crossed above the $2.40 barrier, which is the first noteworthy technical milestone. Inside a clearly defined ascending channel, XRP has been rising steadily over the last few weeks. A significant change in sentiment and bulls’ willingness to defend higher price levels, which had not been observed since the beginning of the year, are demonstrated by the recent push above $2.40. The $2.40 region has historically served as a potent resistance zone. Prior to retracing into the $2.00 range, price action in late 2024 and early 2025 repeatedly stalled at this level. The breakout is occurring this time against a backdrop of improving momentum; the daily RSI has risen above 67, indicating continued buyer interest without yet reaching the risk zone of overbought conditions. XRP/USDT Chart by TradingView Technically speaking, XRP needs to overcome this first obstacle in order to retest the $3.00 mark, which has become practically legendary among traders. When XRP last came close to $3, it was the target of strong selling pressure, which led to a harsh rejection and weeks of corrective downside. The $3 level became the most powerful resistance on the chart after that rejection. Volume is also beginning to awaken. Trading activity has increased in recent sessions, indicating a resurgence of speculative interest. You Might Also Like Higher volume and a break of local resistance both increase the likelihood of follow-through buying, which is exactly what XRP needs to prevent another fake-out. The ability of bulls to maintain the $2.40 level as support will determine the next leg higher. In the upcoming weeks, if this breakout is verified, XRP may aim for the $2.70-$2.80 range, preparing for the ultimate move to $3. In the end, the true test is yet to…
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