XRP Shatters Key Resistance – $3 Price Target Now in Play

XRP bulls just flipped the script. After months of consolidation, the remittance token smashed through a critical resistance level—putting a juicy $3 target on the radar.

Technical breakout or trap?

Chartists are buzzing as XRP's weekly close confirms the breakout. The move echoes 2021's parabolic run, but skeptics whisper about overleveraged longs. (Because what’s crypto without a little reckless speculation?)

Macro winds at its back

With Ripple’s legal fog clearing and cross-border payment demand surging, fundamentals finally match the technicals. Even traditional finance dinosaurs are grudgingly adding XRP pairs—probably while muttering about ‘speculative bubbles.’

The road to $3

Liquidity pools suggest smooth sailing to $1.80, but the real test comes at the 2024 swing high. If institutional flows join retail FOMO? Watch the shorts get steamrolled.

Just remember: In crypto, ‘resistance broken’ often means ‘next bagholder zone secured.’ Trade accordingly.

Key technical points

• Breakout Above $2.40 Resistance: Key zone included POC, 0.618 Fibonacci, and HTF resistance.
• Strong Momentum: Recent price structure shows consistent higher lows and bullish candles.
• Next Target at $3: Technical alignment with prior macro resistance and Fibonacci extension.

XRP’s price action has been notably bullish in recent sessions, printing consecutive higher lows and pushing aggressively into a known resistance zone. The region around $2.40 was technically dense, encompassing the point of control (a major volume-based support/resistance level), the 0.618 Fibonacci retracement from the prior move, and the high time frame resistance that had capped price during multiple prior attempts.

The breakout from this zone was decisive, the current candle has closed above all of these levels, suggesting a major structural shift to the upside. From a price momentum perspective, this MOVE is significant, and traders will now watch closely for confirmation in the form of bull volume and follow-through price action. If XRP can remain above this broken resistance and hold the breakout level as support, the case for continuation strengthens.

The next high time frame resistance zone lies at $3.00, which now becomes the immediate upside target. This level holds psychological significance, represents a prior macro resistance, and aligns with the Fibonacci extension from the recent impulse. Should volume continue to rise and buyers maintain control, this target may be reached in the short to medium term.

Until then, it’s important to monitor for retests of the breakout zone. A successful backtest of the $2.40 level WOULD add further confidence to the bullish case and establish a new higher low, strengthening structural integrity for further upside.

What to expect in the coming price action

If XRP holds above $2.40 with sustained volume, a move toward $3 is the next high-probability outcome. A confirmed retest of the breakout zone would further validate the bullish momentum.