XRP Eyes $3 Breakout After Rebound, Tests $2.77–$2.90 Resistance
XRP price has rebounded from a low of $2.35 and is now consolidating around $2.66. Trading volume is up 15–20% on-chain, indicating renewed institutional accumulation. XRP price has climbed above its 200-day moving average and is testing the 50-day EMA near $2.77. Immediate resistance lies between $2.77 and $2.90; a decisive close above this range could trigger short liquidations exceeding $50 million and spark a rally toward the $3.00–$3.10 zone. The RSI sits at a neutral 53, leaving room for further upside without overbought pressure. On-chain data from Glassnode and CryptoQuant show rising whale transactions, while Santiment reports a 25% spike in social volume. Key support levels are $2.55 and $2.45; holding these floor prices may set the stage for 20–30% gains, as seen in past recoveries. Failure to breach $2.90 could lead to extended consolidation, offering traders another accumulation window before the next bullish impulse.
Bullish
The combined analysis highlights a clear bullish setup for XRP. Increased on-chain trading volume and institutional accumulation indicate growing demand. Breaking above the 200-day moving average and testing the 50-day EMA around $2.77–$2.90 suggests strong technical momentum. A daily close above this resistance range could trigger significant short liquidations and accelerate a rally toward $3.00–$3.10. The neutral RSI at 53 confirms there is room for further upside without immediate overbought risk. Additionally, rising whale transactions and social volume spikes demonstrate heightened market interest. Short-term, traders may see a breakout-driven surge, while longer-term, holding key support levels at $2.55 and $2.45 could underpin sustained gains and mirror prior 20–30% recovery moves.