XRP Battles Key $2.90 Resistance: Breakthrough Could Propel It to $3.50

XRP faces its moment of truth at the $2.90 barrier—a level that could make or break its next major rally.

The Setup: Technical Tension Builds

Traders watch the charts as XRP tests a critical resistance zone. The $2.90 mark isn’t just another number—it’s a psychological and technical battleground where bulls and claws clash. Break above it, and the path toward $3.50 opens wide; stall here, and consolidation—or worse—awaits.

Why $3.50 Matters

That target isn’t pulled from thin air. It aligns with historical resistance-turned-support zones and Fibonacci extensions—favorite tools for crypto chartists who love lines almost as much as they love volatility. A clean breakout could trigger momentum plays, algo buying, and maybe even a headline or two from the usual crypto influencers.

Market Sentiment: Cautiously Optimistic

While some traders pile into leverage longs, others eye macro conditions—because nothing says 'stable market' like a digital asset that can swing 10% before breakfast. Still, the mood isn’t entirely reckless. Not yet, anyway.

And let’s be real: in a world where 'fundamental analysis' sometimes means 'a tweet from someone named CryptoKing,' technical levels like these offer at least the illusion of predictability. Classic finance could never.

What’s Next?

Watch the volume. A high-volume breakout above $2.90 could signal conviction. Low-volume rejection? Time to reassess. Either way, XRP remains one of the most watched assets—love it or hate it, you can’t ignore it.

XRP Price Prediction: Is $3.50 Around The Corner?

According to CoinCodex analysts, XRP’s price will oscillate between around $2.80 and $3.20 over the coming weeks. The platform anticipates XRP to hit $3.41 on Nov. 26. Hitting $3.41 from current price levels will entail a rally of nearly 18%. CoinCodex does not expect XRP to hit the $3.50 mark just yet.

Changelly presents an even more bearish outlook for XRP. The platform does not expect XRP to breach the $3.50 mark anytime before March 2027, about six months from now.

Will ETFs Push The Asset To $3.50?

There are a few developments that could help propel XRP’s price beyond the $3.50 mark. Firstly, there is a very high chance that the Federal Reserve will cut interest rates by 25 basis points in September. A rate cut may lead to a surge in risky investments. XRP and the larger crypto market could greatly benefit from an interest rate cut.

Secondly, the SEC may approve a spot XRP ETF sometime this year. An ETF approval will most likely lead to a surge in institutional investments for the asset. Institutional money has been a central driver behind Bitcoin (BTC) and Ethereum’s (ETH) rise to new all-time highs this year. A similar pattern could emerge for XRP as well.