XRP Poised for $3.30 Breakout as Volume Surges 120%
XRP is consolidating near $3.00 after repeatedly defending the $2.73 macro support level. Trading volume has jumped 120% over the past 24 hours, signaling strong market participation. Analysts identify the $2.90–$3.30 zone as key resistance, with a clean daily close above $3.30 required to confirm a bullish breakout. The recent legal clarity from the Ripple–SEC case has removed a major headwind for XRP, while market cap stands at $180.7 billion and fully diluted valuation at $303.7 billion. A sustained close above $3.30, backed by high volume and liquidity, could shift momentum toward higher targets—some forecasters point to levels above $5 if momentum accelerates. Short-term traders should monitor volume spikes and daily closing prices, while long-term investors may view the $2.73 support as a favorable entry point ahead of a potential trend reversal.
Bullish
The 120% surge in trading volume around the $3.00 level, coupled with a solid bounce off the $2.73 macro support, increases the likelihood of a bullish breakout for XRP. Historically, similar volume spikes preceding a clean daily close above a key resistance—such as past tests of the $3.30 zone—have led to sustained uptrends. The removal of legal uncertainty following the Ripple–SEC case adds further tailwinds. In the short term, traders will focus on volume and daily closings for confirmation. Over the longer term, clearing the $3.30 resistance could pave the way for targets above $5, reflecting renewed institutional interest and solidified market confidence.