Is $3.50 the Next Stop?

Key Insights:

• XRP breaks key patterns and holds above $2.20, aiming for a push toward $3.50 resistance.
• Technical charts show bullish momentum if XRP stays above $2.00 and clears $2.75 next.
• Rising interest and volume support XRP’s structure; a move to $3.50 remains in focus.

XRP was trading at $2.24, with a 24-hour price increase of 8.3% and a 7-day gain of 4%. The 24-hour trading volume stands at $6.26 billion, showing a steady flow of interest from market participants.

This recent bounce has come during a period of mixed market performance. XRP has managed to hold key support levels while advancing toward near-term resistance zones.

Pattern Formations and Resistance Levels

Technical data suggests that XRP may be setting up for further gains. According to ZAYK Charts, XRP is rebounding from the lower boundary of a falling wedge on the daily chart. This pattern often appears before upward moves if the structure holds. The price now looks to test resistance around $3.50, a level that aligns with past market peaks.

A separate chart by CryptoWZRD shows a breakout from an intraday descending broadening wedge near the $2.27 area. The analyst notes that “a short-term bearish pullback before additional bullish movement will be healthy,” pointing to the possibility of temporary dips before further upward moves. As long as XRP stays above $2.2770, the potential for a move toward $2.75 remains in play.

Key Support and Longer-Term Structure

On a broader timeframe, Ali Martinez  presents a different structure. The asset may be forming a right-angled ascending broadening wedge on the 2-week chart. This pattern features a flat resistance line and rising support. XRP was holding just above the $2.00 mark.

The chart suggests a long-term path with potential price targets at $4.50 and even above $7.00. However, the outlook depends on one key condition: “it all comes down to whether the $2 support holds.” A break below that level could shift the setup entirely.