XRP Surges Past 200-Day EMA, Eyes $3 Resistance
XRP has broken above its 200-day EMA at $2.55, ending a consolidation phase and signalling a bullish trend reversal. After rebounding from the $2.45 support zone, XRP now trades around $2.61 as rising volume and a neutral RSI near 50 confirm growing market participation. Key resistance levels to watch are $2.77 and the psychological $3.00 mark. A weekly close above the 200-day EMA could trigger a further 20–30% rally based on historical patterns. Traders should monitor retests at $2.55 and $2.45 for risk management. Positive regulatory developments and institutional inflows may add fuel to the breakout. Failure to hold the EMA could prompt a retest of $2.40. XRP traders should track volume, RSI, and resistance levels for confirmation before scaling positions.
Bullish
The breakout of XRP above the 200-day EMA points to a bullish shift in market sentiment. In the short term, the move above $2.55, supported by rising volume and a neutral RSI, signals strong buying pressure and sets up targets at $2.77 and $3.00. A sustained weekly close above the EMA has historically led to 20–30% rallies, reinforcing the bullish outlook. Long-term, continued institutional inflows and positive regulatory news could extend the uptrend. However, traders should manage risk by watching for potential retests of $2.55 or $2.45 support. Overall, the technical setup and market context favor further price gains for XRP.