XRP Rallies Toward $3: Could a New Breakout Be Coming?

• XRP rebounds sharply after holding the $1.77 support level.
• Volume spikes hint at strong accumulation and increased market confidence.
• Ripple’s expansion efforts could play a big role in the next price move.

XRP recently found a solid base around $1.77, a level that’s proving to be a lifesaver for bulls. After bouncing off this key support, the token surged to $2.75, signaling fresh buying momentum. The pattern’s familiar—XRP often rallies hard after hitting these crucial levels. Last time it climbed from $1.90 to $2.90, the move was followed by consolidation before another leg up.

Now, on the TradingView chart, we’re watching $2.90 to $3.00 as the next big test. If XRP manages to break through, it could eye $3.40, a resistance level not seen since the December spike. But if the price stalls and dips back toward $2.50, it could give buyers a chance to reload before another push higher.

Short-term traders should be cautious here. While there’s solid momentum, crypto markets can turn on a dime—just saying. For short-term traders, maintaining higher lows will be crucial in determining if the rally has legs or if another retracement is on the horizon. Crypto Beast showed bullish sentiment as he speculates the altcoin could even go higher.

Support at $1.77 Saves the Day

Volume is often a giveaway when big moves are coming, and XRP is no exception. During the recent bounce from $1.77 to $2.75, trading volume shot up, hinting that accumulation is in full swing. That’s a bullish sign, plain and simple.

Higher volume with rising prices usually leads to bigger breakouts. So, if XRP heads toward $3.40 with volume holding strong, there’s a good chance it could break through and go even higher.

But it’s not always sunshine and rainbows. If volume starts fading while the price rises, it could be a red flag that momentum’s losing steam. In that case, $2.50 might act as a safety zone for consolidation before the next move.

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What Ripple’s Expansion Means for XRP

XRP isn’t just moving based on charts—it’s also heavily tied to Ripple’s progress. Ripple’s ongoing push to dominate the cross-border payments industry is one of the biggest factors behind XRP’s long-term appeal.

The lingering legal battle with the SEC has been messy, no doubt about it. But every positive update sparks a surge in optimism. Meanwhile, Ripple keeps building partnerships with banks and fintech firms, showing it’s serious about making XRP a core part of global finance.

Unlike Bitcoin or Ethereum, XRP wasn’t mined. Ripple created all 100 billion tokens upfront, holding much of it in escrow to control supply. This makes XRP pretty unique in the crypto space and attractive to financial institutions looking for stability.

Right now, all eyes are on $3.40. If XRP smashes through that level, it could set its sights on even higher ground. But if not? We might see it chill between $2.50 and $2.90 for a bit longer. Either way, the next few moves will be key.