The XRP price is rapidly heating up again, with fresh momentum pushing it toward the highly anticipated $3.30 zone. After weeks of steady gains, XRP is showing clear signs of a breakout pattern, igniting bullish sentiment across the market.
Traders and analysts alike are watching closely as XRP price hovers near a crucial resistance zone that could unlock a powerful rally. The chart suggests rising volume, strong bullish candles, and no immediate signs of exhaustion, all of which point toward a potential continuation of the trend.
This article explores the current scenario, what’s fueling the XRP surge, and how the coming days could reshape market expectations.
XRP Price Holds Firm as Bulls Eye $3.50
Following a sharp climb from the $2.20 zone in mid-June to over $3.25 today, XRP price has gained over 40% in less than three weeks. The move has been accompanied by rising trading volumes and renewed interest among both institutional and retail traders.
According to TradingView data, XRP has now posted nine green daily candles out of the last eleven, a rare pattern that often signals trend strength. The price has cleared minor resistance levels at $2.60 and $2.90, and is now pressing against the final hurdle before the $3.50 mark.
In a tweet that quickly went viral, popular trader commented:
“XRP just did what few expected. A break above $3.10 opens up serious upside. If we get confirmation above $3.35, $5 is the next target.”
What’s Fueling the Latest XRP Surge?
Several factors are behind the renewed XRP price momentum:
- ETF Speculation: Rumors are swirling about a potential XRP ETF being considered by ProShares. While nothing is confirmed, the mere speculation has already triggered speculative buying.
- Ripple Legal Clarity: With the SEC case largely behind them and multiple courts affirming XRP is not a security in secondary markets, institutional confidence has improved dramatically.
- Global Payment Adoption: Ripple’s expansion into new corridors in Asia and the Middle East continues to support fundamentals. The company is increasingly seen as a credible challenger to traditional payment rails like SWIFT.
Additionally, XRP is riding the broader altcoin wave, as capital rotates out of Bitcoin following its recent consolidation, many traders are seeking faster short-term gains.
Technical Outlook: Will XRP Price Explode or Retrace?
The technical chart (see above) shows clear signs of strength. XRP is trading well above its 50-day and 200-day moving averages, with RSI approaching overbought territory, but not dangerously so.
Source: Trading View
What traders are watching next:
- $3.30: This is the level to beat. A confirmed breakout here with volume could push XRP toward $3.50 in short order.
- $2.95 – $2.80: These are the immediate support zones in case of a short-term pullback. As long as these levels hold, the bullish trend remains intact.
XRP Price Forecast: What Comes Next?
Given the current setup, XRP could enter a price discovery phase if it breaks and closes convincingly above $3.30. In that case, technical models suggest a rapid push to the $4–$5 range is possible over the next 1–2 months.
However, traders must watch for macro volatility, especially related to Bitcoin, inflation data, or regulatory announcements. If the ETF rumors are denied or delayed, short-term sentiment could weaken.
Still, the XRP price chart remains one of the strongest among large-cap altcoins right now, and the project’s fundamentals continue to improve.
Final Thoughts: XRP Price Poised for Breakout?
The momentum behind XRP price is unmistakable. With technicals flashing green and market sentiment turning bullish, traders have good reason to believe a breakout is not only possible – but imminent.
If XRP clears the $3.30 resistance with conviction, a new wave of demand could follow. Whether you’re a swing trader or a long-term holder, this moment could be one to watch closely.
