- XRP growing partnerships and expanding real-world utility are fueling XRP’s bullish momentum.
- XRP legal victory against the SEC has boosted investor confidence, driving XRP toward a potential breakout.
XRP is making waves in the crypto market, showing strong bullish momentum as it signals a powerful breakout. Currently trading at $2.43, with an intraday high of $2.50 and a low of $2.41, XRP remains firmly above the $2.40 support and the 100-hour moving average—a strong indicator of continued upward momentum.
XRP’s Price Action: Key Levels to Watch
On the 1-hour chart, XRP is holding above the $2.40 support, with resistance looming at $2.80 and $3.00. If buying pressure sustains, XRP could soon challenge these levels, potentially triggering a rally toward higher price targets.
The 15-minute chart further confirms the bullish sentiment, with 92.86% of moving averages supporting an uptrend. XRP is poised to test the $2.55–$2.70 range before making an attempt to break the critical $3.00 psychological barrier.
What’s Driving XRP’s Bullish Momentum?
One of the biggest catalysts behind XRP’s rally is the dismissal of the SEC lawsuit, which has significantly boosted investor confidence and increased trading volume. As market sentiment remains bullish, XRP could break past the $3.00 resistance, setting up short-term targets of $3.50–$4.00.
However, if Bitcoin (BTC) faces a correction, XRP might experience a temporary pullback to $2.30–$2.10 before regaining momentum.
Long-Term Outlook: Can XRP Reach New All-Time Highs?
XRP’s 2018 all-time high (ATH) of $3.84 remains a critical resistance level. If bullish momentum continues, XRP could target $5.00–$7.00, fueled by institutional adoption, Ripple’s growing partnerships, and increasing real-world utility.
A break above $3.84 could pave the way for parabolic growth, with extended bull-run projections reaching $7.00–$10.00. However, market-wide liquidity, macroeconomic conditions, and regulatory developments will play key roles in determining the trajectory of XRP’s price.
XRP on the Verge of a Breakout?
XRP’s technical structure suggests further upside potential, but the $3.00 resistance remains a critical level to watch. A confirmed breakout above this mark could ignite a massive rally toward new highs. Traders and investors should closely monitor key price levels, market sentiment, and potential BTC movements to navigate XRP’s next big move effectively.
With bullish momentum gaining traction, will XRP finally break past its ATH and enter a new growth phase? The coming days could be crucial for XRP’s next explosive move!
