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XRP is showing renewed strength in the crypto market, climbing more than 10% in the past few hours. The price broke above critical resistance zones and is now trading well above $3.30, sparking talk of a potential run toward the $3.50 to $3.75 range if buying pressure continues.
The rally began after XRP formed a solid support base near $2.85, from which the bulls gained control. The breakout above $3.10 and $3.20 was fueled by strong volume, with traders now positioning for even more upside.
Key Breakout Sets the Tone
According to data from Kraken, XRP/USD broke above a key bearish trend line with resistance at $3.00 on the hourly chart. The breakout was followed by a swift move toward $3.30, with a peak at $3.38 before a minor pullback.
The price is currently stable above the $3.22 mark and remains above the 100-hourly Simple Moving Average, signaling a strong bullish structure in the short term. Importantly, XRP also holds above the 23.6% Fibonacci retracement level of the upward swing from $2.90 to $3.38 — indicating solid underlying support.
Price Targets Ahead
Immediate resistance sits at $3.40. A clear breakout above this level could push XRP to test $3.42 next, followed by potential gains toward $3.50. Should buyers maintain momentum, the next major levels lie at $3.55 and $3.62. A breakout past those could open the door for a test of $3.75 — a zone that hasn’t been visited in months.
These targets are increasingly realistic given the strength of the recent move and technical indicators backing bullish continuation.
Technical Indicators Confirm Bullish Sentiment
The MACD on the hourly chart is gaining pace in the bullish zone, while the RSI (Relative Strength Index) has climbed well above the 50 level — a sign that buying strength is dominant for now.
The upward trend is also backed by increased interest in altcoins across the broader crypto market, with XRP outperforming major players like Bitcoin and Ethereum during this stretch.
Support Levels to Watch
If XRP faces resistance and fails to break above $3.40 in the near term, a pullback could occur. Initial support lies at $3.25, followed by a stronger support zone at $3.15 — which aligns with the 50% Fibonacci retracement level of the recent $2.90 to $3.38 move.
Further weakness could lead to a test of the $3.10 level, and in a deeper correction, bulls might need to defend the psychological $3.00 mark.
Still, as long as the price holds above $3.20 and the momentum indicators remain in bullish territory, dips are likely to be limited and quickly bought up.
Market Sentiment Remains Positive
XRP’s latest breakout reflects a broader wave of positive momentum in the crypto space. Traders and analysts are keeping a close watch on altcoins like XRP that are showing technical strength and outperforming their peers.
The upward movement also comes in the wake of improving sentiment around regulatory clarity and increasing institutional interest in remittance-focused tokens. With Ripple recently concluding its long-standing legal battle with the SEC, confidence in XRP appears to be growing.
This renewed investor confidence is translating into strong price action — and if current trends continue, XRP could soon be trading in the $3.50 to $3.75 range.
