XRP Bulls Charge Toward $4 as $3.40 Support Holds Strong - Is This the Next Breakout?

XRP's price action just flashed a bullish signal—traders aren't sleeping on this rebound.

Support at $3.40 held like a vault, and now the cavalry's eyeing $4. No fluff, no maybes—just a clean bounce off a critical level. If this were stocks, Wall Street would slap a 'strong buy' rating on it and charge you a 2% management fee for the privilege.

Next stop? A retest of local highs. The charts don't lie—unless you're a central banker.

• XRP is in a strong uptrend above its 9-week DEMA, currently at $3.53.
• Technical signals, including RSI and MACD, point toward bullish continuation.
• A break past $3.66 could spark rapid gains toward the $4.65 mark.

XRP has held steady above $3.50, with signs pointing to growing upside potential. The weekly chart shows XRP trading at $3.53, gaining 21% this week. This steady advance keeps it well above the 9-week Double Exponential Moving Average (DEMA), which sits at $3.10. Maintaining this level reinforces short-term bullish conditions.

The Relative Strength Index (RSI) at 70.76 is pushing just beyond the typical overbought zone. This reflects strong market interest but also hints at a possible cooldown if momentum loses pace. Despite this, XRP continues to hold firm, respecting previously broken resistance that has now flipped into a support zone.

A closer look at this structure shows that $3.40 has acted as a solid base over the past four days, while $3.60 caps the upper range. According to CasiTrades, a well-followed analyst, the token’s price action within this tight channel reflects quiet strength.

The repeated defense of the trendline, which now functions as support, is a textbook bullish indicator. Price has touched this line three times, with each dip drawing buyers back in.

MACD Confirms Building Momentum

The Moving Average Convergence Divergence (MACD) indicator also supports the bullish stance. The MACD line is currently at 0.27330, staying well above the signal line at 0.17267. The histogram continues expanding in the positive zone, confirming steady momentum buildup beneath resistance.

Now, as the token nears the $3.60–$3.66 resistance area, attention focuses on breaking through, with the next resistance in an area of $3.90 to $4.10. Should that yield, CasiTrades says the next big target is $4.65. From there, price action is likely to get very volatile.

Unless XRP breaches the $3.66 local high, analysts are also considering lower supports. It may test the $3.25–$3.20 region in case it breaks down below $3.40, a level respected as a retracement level in classical technical guidelines.

XRP Holds Ground at $3.40 Support, Next Stop $4?

Whereas XRP has been ranging in a narrow corridor in the recent period, market structure is bullish. Buying interest still clings to the trendline. Even with RSI flirting with the overbought region, there is still room for a potential surge. As the month of July enters the homestretch, a MOVE above $3.66 could solidify breakout momentum.

Until then, XRP appears to be gathering strength just below key resistance. So long as it holds the $3.40 support and the MACD trend continues rising, the odds favor another bullish leg. Traders remain alert, expecting either a quick surge past $4 or a temporary pullback toward dynamic support.