XRP Primed for Explosive Rally: Can $3.70 Ignite the Next Crypto Bull Market?

XRP bulls are licking their chops as the digital asset flirts with a make-or-break threshold. The $3.70 level isn’t just psychological—it’s the launchpad for a potential moonshot.

Why this price matters

Market watchers see $3.70 as the line in the sand. Break it, and we could witness a FOMO-fueled buying spree that sends XRP screaming toward all-time highs. Stall here, and well… at least the ‘HODL’ memes will get funnier.

The institutional factor

Whispers from OTC desks suggest hedge funds are quietly accumulating positions. Nothing like some good old-fashioned Wall Street momentum chasing to spice up crypto’s wild west.

Technical tailwinds

Chartists point to a textbook bullish pennant formation. Then again, these are the same people who called the last 17 ‘golden crosses’—but hey, even broken clocks are right twice a day.

The cynical take

Let’s be real—if XRP actually hits $3.70, half the ‘crypto experts’ on Twitter will suddenly ‘have called it all along.’ The other half will pivot to shilling some new DeFi token that ‘solves everything.’

• XRP drops 0.32% in 24 hours, trading at $3.11 with a 39% drop in volume, signaling bearish momentum.
• The token faces downward pressure, falling 5.5% in the past week with a possible breakout above $3.26.
• An SEC lawsuit dismissal and $400M in corporate buys could push XRP past resistance toward significant gains.

Ripple (XRP) is currently trading at $3.11, with a decline of 0.32% in the last 24 hours. The trading volume during the same period is reduced by 39%, and it is now trading at $6.7 billion. This decline signifies a bearish trend in the market.

Source: CoinMarketCap

Within the last seven days, XRP has faced a decrease in price of 5.5%. There is still a downward pressure on the coin. This is a continued pattern that indicates greater market pressures on Ripple.

Analysts continue to be optimistic regarding the future direction of XRP. crypto analyst Ali Martinez highlighted that XRP is moving in a triangle pattern. If the token breaks above $3.26, it may go to the $3.90 mark. This breakout may trigger a fresh surge of bullishness that will give XRP a boost towards its comeback.

Source: X

XRP Approaches Key Resistance, Eyes $3.70 Breakout

Moreover, another analyst, CoinCodeCap Trading, mentioned that XRP is on the brink of a major resistance area at $3.50 to $3.70. Once cryptocurrency overcomes this point, it might reach $3.85, $4.15, and $4.53. Such a massive price rally may see Ripple reach as high as $5.64 should the rally persist after such price points. 

Ripple has been volatile in the recent past. Once the $2.50 and the 200-day simple moving average had been breached, it had reached an all-time high of $3.66, up 40%. As the token edges closer to the $3.50-$3.70 bracket, interest lies in whether it will conquer this major resistance point.

Source: X

The analysts are optimistic about the potential dismissal of the SEC suit and the corporate treasury’s purchase of $400 million in Ripple. A favorable catalyst is also the possibility of a 2025 XRP spot ETF. These developments have the potential to push cryptocurrency above resistance and towards increased values.

In the near future, the Ripple outlook is neutral, and the medium term looks to be bullish. Its long-term outlook also looks positive in case the token breaks through resistance points. Ripple has support at $3.00 and $2.50 and resistance at $3.50 to $4.00. A breakout above $3.70 can lead to a sharp price increase to above $4.

Open Interest Declines, Market Sentiment Remains Neutral

According to CoinGlass data, Ripple trading volume is down 45.37% to reach $8.49 billion. The open interest has decreased by 0.99 percent to $8.13 billion. The OI-weighted funding rate is 0.0067%, which gives a neutral market sentiment.

Source: CoinGlass