XRP Bulls Primed for Breakout – $3.12 Surge Could Ignite Major Rally

XRP bulls are loading up—breaking the $3.12 resistance could trigger a powerful upswing.

Market Momentum Builds

Traders eye the key $3.12 level like hawks. Break it, and the rally could accelerate fast. Hold it, and we're looking at consolidation—or worse, a pullback. No fancy indicators needed here; price action tells the story.

Timing the Breakout

Watch volume. A spike confirms the move; low volume screams fakeout. Past performance doesn't guarantee future results—but in crypto, who's checking? Retail jumps in late as always, just in time for the pros to take profits.

Ride the wave—or get washed out.

XRP Price Attempts Fresh Increase

XRP price extended losses below $3.00 before the bulls appeared, like Bitcoin and Ethereum. The price tested the $2.980 zone and recently started a recovery wave.

There was a MOVE above the $3.00 and $3.020 levels. The price climbed above the 50% Fib retracement level of the downward move from the $3.185 swing high to the $2.957 low. Besides, there was a break above a rising channel with resistance at $3.070 on the hourly chart of the XRP/USD pair.

The price is now trading above $3.080 and the 100-hourly Simple Moving Average. If the bulls protect the $3.050 support, the price could attempt another increase. On the upside, the price might face resistance NEAR the $3.10 level or the 61.8% Fib retracement level of the downward move from the $3.185 swing high to the $2.957 low.

The first major resistance is near the $3.120 level. A clear move above the $3.120 resistance might send the price toward the $3.20 resistance. Any more gains might send the price toward the $3.2320 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 continue to move down. Initial support on the downside is near the $3.070 level. The next major support is near the $3.040 level.

If there is a downside break and a close below the $3.040 level, the price might continue to decline toward $3.00. The next major support sits near the $2.980 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 – $3.040 and $3.00.

Major Resistance Levels – $3.120 and $3.20.