Ripple XRP News – Super Bullish Pattern Signals XRP Price to Hit $3.35

XRP has recently displayed strong bullish signals, with analysts predicting a potential surge to $3.35.

The cryptocurrency is currently consolidating within the $2.50 to $3.00 range, forming a classic cup-and-handle pattern—a technical indicator often associated with significant upward movements. If XRP successfully breaks its resistance levels, it could set the stage for a notable price jump.

Crypto analyst Ali Martinez recently highlighted this bullish formation, noting that a breakout could propel XRP by approximately 21% from its current level. “If the pattern plays out as expected, XRP could be on the verge of another major rally,” Martinez stated.

XRP’s Potential Catalysts for Growth

Though XRP’s price action conforms to technical analysis in breaking out, other forces could also drive its valuation. Speculation around the imminent launch of the XRP exchange-traded fund (ETF) in the United States has provided optimism. In addition, Ripple’s shifting dynamics with U.S. regulators and growing use of XRP globally for payments could drive its consistent bullishness.

A breakout following the ‘cup and handle’ pattern could propel XRP toward $3.35. Source: Ali Martinez via X

Historically, XRP has not been good at sustaining uptrends, but with better market fundamentals and increasing institutional demand, a long-term rally cannot be ruled out. The next couple of weeks will be crucial in deciding if XRP will be able to overcome key resistance levels and establish its trajectory towards $3.35.

Key Levels to Watch

Presently, XRP trades at roughly $2.66, having maintained its success above the level of support of around $2.60. Successively, next resistance levels occur around $2.75, then $2.84. An unambiguously strong breakout above both would position itself to challenge all the way up to $3.00 and perhaps as high as that target at $3.35.

The XRP price could rebound from the $2.60 support level and rejoin the recent upside rally. Source: BDripTradess on TradingView

On the other hand, a failure to sustain above the $2.75 level could result in another pullback. Significant downside support levels are at $2.68 and $2.60, with a possible descent to $2.50 if pressure on the downside increases.

Market Trends: Open Interest and Funding Rates Surge

The growing open interest (OI) in XRP’s futures contracts signals strong market activity and heightened investor participation. A surge in OI indicates that traders, including institutional investors, are positioning themselves for a significant price move. The funding rate for XRP has also remained positive, reinforcing the notion that the market maintains a bullish sentiment in the short term.

XRP Open Interest (OI) is on a rising trend. Source: Coinglass

Over the past two months, XRP’s price has climbed from under $1.50 to over $2.70, drawing increased attention from investors. The strong momentum, coupled with growing futures market engagement, suggests that many traders are betting on a continued price upswing.

XRP’s Liquidity and Volume Reflect Growing Investor Confidence

XRP trading volume has also experienced peak growth, following its price rise. The surge in volume is a critical market interest indicator because more volume typically indicates sustained price momentum. Trading volume growth further entrenches trader belief as XRP was just around the $3.00 mark.

XRP auto-bridging RLUSD unlocks billions in liquidity, positioning the XRP Ledger as a major DeFi powerhouse. Source: MerlijinTrader via X

Moreover, net capital flows into XRP markets reflect improved investor sentiment. Spot inflow and outflow data indicate that more funds are entering XRP than exiting, further affirming the positive sentiment surrounding the asset.

Total Liquidations and Market Sentiment

A steep increase in overall liquidations of long and short positions has been observed, indicating higher market volatility. Short positions, particularly, have been liquidated in large numbers, suggesting bearish traders have been forced out as the price of XRP increases.

XRP is trading around $2.66, down 3.99% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Market cap is also increasing, well over $160 billion, again a testament to increased investor demand along with increasing momentum on the cryptocurrency’s part. Such growth aligns with broader trends for XRP, as the third-largest market-capped cryptocurrency increases in dominance.

Watch – XRP Price Analysis Video

Looking Ahead

XRP’s recent price action, coupled with positive market signals and the recovery of investor confidence, makes the cryptocurrency poised to break out. Having created a cup-and-handle formation, explosive trading volume, and growing institutional demand, XRP’s journey to $3.35 is increasingly likely. If you are wondering what crypto to buy now, or looking for an XRP price prediction, XRP to $3 is just a matter of time. Traders should, however, keep a close eye on resistance and support levels to gauge if this uptrend is here to stay.