XRP Price Action Screams Bullish Momentum - Major Upside Potential Ahead

XRP just flashed its strongest bullish signal in months—traders are scrambling to position for the next leg up.

Technical Breakout Confirmed

The token smashed through key resistance levels with volume that'd make traditional finance brokers blush. Chart patterns suggest this isn't just another dead-cat bounce.

Market Momentum Building

Buy-side pressure keeps accelerating while shorts get vaporized. This rally's got fundamentals behind it, not just hype—though let's be honest, in crypto those two often wear the same outfit.

Institutional Interest Spikes

Whale wallets are accumulating while retail FOMO hasn't even kicked in yet. The smart money's betting this move has room to run before the inevitable profit-taking panic sets in.

Regulatory Clarity Fuels Optimism

Recent developments suggest regulators might finally be learning that blockchain isn't just for buying illegal pandas—actual utility is emerging.

Price targets getting revised upward across trading desks as momentum builds. Just remember: in crypto, 'to the moon' sometimes means 'into the crater'—but this time the charts say otherwise.

XRP Price Eyes Fresh Increase

XRP price remained in a positive zone after it settled above the $2.850 zone, unlike Bitcoin and like Ethereum. The price was able to climb above the $2.920 and $3.00 resistance levels.

However, the bears were active NEAR $3.120. A high was formed at $3.1260 and the price is now consolidating gains below the 23.6% Fib retracement level of the recent upward move from the $2.781 swing low to the $3.126 high.

The price is now trading above $2.920 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.065 level. The first major resistance is near the $3.120 level. There is also a rising channel forming with resistance at $3.120 on the hourly chart of the XRP/USD pair.

A clear move above the $3.120 resistance might send the price toward the $3.150 resistance. Any more gains might send the price toward the $3.20 resistance. The next major hurdle for the bulls might be near $3.250.

Another Decline?

If XRP fails to clear the $3.120 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.990 level. The next major support is near the $2.950 level.

If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.920 support and the 61.8% Fib retracement level of the recent upward move from the $2.781 swing low to the $3.126 high. The next major support sits near the $2.8620 zone, below which the price could gain bearish momentum.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $2.990 and $2.920.

Major Resistance Levels – $3.120 and $3.150.