XRP has been showing signs of revival for several weeks. After consolidating between $2.26 and $2.30, several technical indicators suggest a new upward movement could soon emerge. The key: breaking through the psychological threshold of $3.
Strong Support and Potential Breakouts
- The price remains firmly anchored between its 50- and 100-day moving averages (approximately $2.26–$2.28), forming a solid base for a rebound.
- If the price closes sustainably above the $2.33–$2.35 zone, some analysts anticipate a rally towards $3, or even beyond.
Market Engagement and Volatility
- A marked increase in trading volume and open interest reveals a renewed interest from institutional and retail investors.
- Certain chart patterns, such as cup-and-handle or wedge, indicate bullish pressure ready to release under a positive shock.
Opportunities and Risks for XRP
Opportunities:
- Bullish Acceleration: In the event of a breakout, XRP could quickly target $3, or even higher levels ($3.35 or even $3.87 according to some).
- ETF and Speculative Effect: Speculation around a potential XRP ETF spot and an increase in active addresses could trigger an influx of capital.
Risks:
- Fakeout: Until there is solid technical confirmation, the price could retrace and fall back towards $2.26.
- Persistent Volatility: Reduced local liquidity could amplify fluctuations and make the trajectory uncertain.
Conclusion
XRP is at a decisive turning point: consolidating around reliable support, it now has the technical elements necessary to attempt a breakout towards $3. However, in the absence of clear confirmation, a short-term correction remains a possibility. For investors, vigilance remains essential: the opportunities are real, but the risks are just as real.
