Ripple Bulls Charge Back: $3.00 Target in Sight After Reclaiming Key Support Levels

XRP just staged a critical breakout—bouncing off its 200-day moving average and Fibonacci support like a trampoline. Traders are now eyeing a potential run toward $3.00, though skeptics whisper about ’crypto gravity’ and the inevitable ’institutional profit-taking.’

Technical signals flash green, but remember: in crypto, even ’bulletproof’ charts can melt faster than a Bitcoin miner’s cooling fan. Will this rally defy the usual pump-and-dump cycle, or is it just another setup for the classic ’buy the rumor, sell the news’ dance?

Key technical points,

• Channel Low + 0.618 Fib Support: XRP tapped the rising channel floor, drawn from multi-month lows, right where the 0.618 retracement of the last major impulse also sits.
• 200-Day MA & Value Area Low: After briefly dipping below, price has reclaimed both the 200-day moving average and the monthly Value Area Low, confirming strong demand.
• Bullish Structure Flip: A higher low above these supports, followed by a higher high above the prior swing, signals a renewed uptrend on the higher timeframe.

Detailed analysis

When XRP returned to its channel floor, it coincided perfectly with a 0.618 Fibonacci retracement from the previous major rally. This dual alignment created pronounced buying interest, as longer-term holders viewed the dip as a value-buying opportunity. The presence of above-average volume on the rebound further confirmed that demand was genuine and not merely a short-lived scalp.

Holding above the 200-day moving average added another layer of confidence for trend-followers. This average often acts as a barometer of long-term momentum, and XRP’s ability to close multiple days above it highlighted that bulls were still in control of the broader uptrend. Defending this level was critical to maintaining bullish conviction and preventing deeper retracements into lower support zones.

Finally, once price moved back above its recent swing high, it completed a clear higher-high, higher-low sequence, textbook confirmation of an uptrend. Momentum indicators also began turning upward again, suggesting that buyers were ready to push price toward the next major hurdles.

As long as XRP stays above that recent higher low and the 200-day MA, the setup remains valid for a continuation toward the Point of Control NEAR $2.80 and, ultimately, the $3.00 range-top target.

What to expect in the coming price action

If this support cluster continues to hold, XRP’s next logical target is the mid-range region around $2.80, where the Point of Control resides and offers an interim supply zone. A decisive break above that level could then propel the token toward the $3.00 area, which aligns with the upper boundary of the long-term channel and a previous order block.

Traders should watch volume on any retest of the channel floor: higher volume on bounces reinforces the bullish case, while selling pressure could signal weakness.

Conversely, a sustained close below the 200-day MA and channel support would invalidate this thesis, likely leading to a deeper retracement and the need to reassess the trend.