Ripple (XRP) Nears Critical Breakout—Can It Smash Through $3?
XRP bulls are charging again—but this time, the $3 resistance isn’t just a psychological barrier. It’s a make-or-break level that could define Ripple’s relevance in a market obsessed with shiny new DeFi toys.
Charting the path: The weekly chart shows a bullish ascending triangle, with consistent higher lows since Q1 2025. Volume spikes on upswings suggest institutional accumulation—or just another round of hopium-fueled retail FOMO.
Key levels to watch: A clean break above $2.80 opens the floodgates to $3. Beyond that? Traders are eyeing the 2021 ATH near $3.40. But failure here risks a 20% drop to the $2 support zone—where ’buy the dip’ types will inevitably reappear with diamond-hand memes.
Meanwhile, SEC lawyers probably already have sell orders queued at $2.99.
XRP Analysis
The Daily Chart
Following an influx of buyers at the key 200-day moving average support NEAR $2.1, XRP has surged toward a decisive resistance area. This critical region includes the upper boundary of the prolonged wedge pattern at $2.5, which poses a robust barrier for buyers. A breakout above this level, followed by a successful pullback, could initiate a bullish rally toward Ripple’s all-time high of $3.4 in the mid-term.
Conversely, a rejection at this resistance WOULD likely lead to a consolidation phase within the wedge, providing the market time to rebuild momentum. Overall, XRP remains confined between the wedge’s upper boundary and the 100-day and 200-day moving averages, awaiting a breakout to define its next major direction.
The 4-Hour Chart
On the 4-hour timeframe, Ripple’s push toward the $2.5 wedge boundary highlights increasing bullish pressure. However, the price has faced a mild rejection at this level, prompting a retracement to the short-term support zone at $2.3. This area is likely to provide a temporary floor.
XRP currently trades within a narrow range between the $2.3 support and the wedge’s upper boundary. The most probable scenario is a bullish breakout above this structure, which would pave the way for a continuation toward the $3 resistance zone.
