XRP Price Breaks $3, Eyes $4.50 as Momentum Accelerates

TLDR:

  • XRP price pushes above $3, marking a breakout from months of sideways action and confirming renewed market strength
  • Analysts point to $3.08 and $3.27 as key levels before price retests $3.66 and aims for $4.50
  • Technical indicators such as RSI and EMAs continue to hold support, fueling expectations for further upside movement
  • Volume surpasses $4.2B as buyers defend $3 support, strengthening the case for a continued bullish structure

XRP is back in the spotlight with its latest move through the $3 level. The market has been waiting for this breakout after months of tight trading. Price action has been pressing against resistance and now appears ready for a sustained push higher. 

Traders are watching closely to see if this move holds and sets up the next leg toward $4.50. Buyers have been stepping in with heavy volume, giving bulls an edge.

XRP Price Clears Key Resistance

CasiTrades shared that XRP has broken free from its consolidation phase with $3 now in play as support. 

He pointed out that price had been testing this level repeatedly before finally holding above it. The market has been forming higher lows on the daily chart, a structure that often supports continued upside pressure.

The relative strength index is turning upward, with its moving average staying aligned with the bullish trendline. This has been a strong signal for traders looking for confirmation that momentum is building. 

The next levels to watch are $3.08 and $3.27, both aligning with fib retracement zones. If those levels flip into support, a retest toward $3.66 becomes possible before targeting $4.50.

CoinGecko data shows XRP trading at $3.00 with over $4.2 billion in daily volume. That represents a 0.89% gain in the last 24 hours and a 6.59% rise over the past week. Market participants are treating this as a potential start of a more extended rally.

XRP price on CoinGecko

Technical Support and Upside Targets

EGRAG CRYPTO noted that XRP remains above $2.973, maintaining its ascending triangle setup. He noted the measured target sits near $3.12 with possible extensions. Support remains nearby at the 21 EMA around $2.957 and the 100 EMA near $2.912.

Failure to hold these moving averages could bring price back toward $2.85 for a retest, but bulls are working to avoid that outcome. The current price structure indicates that buyers are stepping in aggressively around $3, reducing the likelihood of a deeper drop in the short term.

Fib extensions from the larger consolidation still project a move toward $4.50 as the ultimate target. Analysts are now focused on whether the price can stay above $3 long enough to confirm this move. The next few days may decide whether XRP begins its climb toward those higher levels.

The post XRP Price Breaks $3, Eyes $4.50 as Momentum Accelerates appeared first on Blockonomi.

Source: https://blockonomi.com/xrp-price-breaks-3-eyes-4-50-as-momentum-accelerates/