XRP price today is gaining renewed momentum as bulls push the token toward a potential breakout above key resistance levels.
With the current XRP price holding steady near $3.02, market sentiment has turned optimistic, fueling predictions of a rally toward $3.50 if momentum continues to build.
XRP Price Breaks Out of Downtrend
After weeks of consolidation and a 10% decline over the past month, XRP price is showing signs of life. The token recently reclaimed the $3.00 level after rebounding from a six-week low near $2.75, signaling that buyers are regaining control.
XRP is in a tight consolidation zone, with a breakout above resistance likely confirming a bullish continuation. Source: SwallowAcademy on TradingView
On the four-hour chart, XRP has broken free from a symmetrical triangle pattern that had capped price action since late July. The decisive push through the upper trendline has shifted sentiment from neutral to bullish. Analysts note that XRP has also reclaimed all major exponential moving averages (EMAs), forming a golden cross as the 20 EMA crossed above the 50 EMA — a technical signal often associated with the start of a sustained uptrend.
Technical Indicators Point to Further Upside
Momentum indicators are turning in favor of bulls. The Bull Bear Power (BBP) histogram has gone green, supporting more stronger buying pressure, and the Parabolic SAR has shifted below price candles, showing continued uptrend continuation.
XRP recently broke out of a bullish wedge, eyeing price targets at $3.13, $3.30, and $3.55 as the uptrend continues. Source: KlejdiCuni on TradingView
Volume directions also show greater exchange inflows, with $21.6 million of net deposits being recorded on September 10. This suggests that the trader is getting ready for a breakout above the resistance level at $3.05, which has been the significant barrier in recent weeks.
If XRP closes solidly above $3.05, the next levels on the upside are expected to be $3.30 and $3.39. Piercing those levels can leave the way open for a push to $3.50 — a large XRP price objective that would be a strong extension of the recovery trend.
Market Context and Bullish Case
XRP’s strong technical setup predates fresh institutional and retail interest. The token is now valued at around $179 billion in market capitalization with daily average trading volumes consistently above $4.6 billion — reflecting greater participation in the market.
Unless the momentum falters, XRP can revisit its July all-time high and even hit $4.00–$4.76 in an ambitious Q4 scenario. This is in line with broader market sentiment, as crypto sentiment recovers amid regulatory clarity and rising utility of the XRP Ledger (XRPL) in facilitating cross-border payments.
Risk Factors and Key Levels to Watch
Despite the positive sentiment, traders are wary of a possible rejection at $3.05 and $3.38. Failure to hold support at levels above $2.90 may lead to a further pullback, with the next significant support level at $2.75.
XRP was trading at around $3, up 1.33% in the last 24 hours at press time. Source: XRP price via Brave New Coin
The overall XRP forecast will depend on sustained buying volume and if the bulls can maintain price action above the EMA cluster. If momentum stalls, bear pressure can dictate itself, preventing a breakout and threatening the rebound.
Looking Ahead
XRP’s recent breakout, supported by imbalances gathering on technical charts, is fueling speculation of a sustained rally. A confirmed breakout above $3.05 would most likely lead to a push to $3.50, a significant move in reestablishing July’s highs.
For now, investors are closely watching if this momentum will be sustained, as the next few sessions will determine if this is the start of XRP’s next major bullish cycle or another brief rally.