XRP Accumulation and Momentum Aim for $3.40 Rally
XRP price outlook remains bullish as accumulation on exchanges rivals February highs, signalling growing conviction from long-term holders. On-chain net position data show substantial outflows, reducing sell-side pressure. The token rebounded above $3 after finding support between $2.7 and $2.8. If bulls defend $2.95, XRP could test the $3.40 resistance within days to weeks.
Macro factors support this outlook. Fed chair Jerome Powell’s remarks boosted rate-cut expectations, sparking a risk-on rally in Bitcoin and Ethereum that spilled over to XRP. Technical indicators reinforce the bullish bias: a TD Sequential buy signal, Chaikin Money Flow above +0.05, and a crossover of the 20- and 50-period moving averages. Traders should monitor exchange flows, CMF readings, and 4-hour moving averages for trend confirmation, while keeping an eye on the $2.95 demand zone.
Bullish
This news is categorized as bullish because on-chain data show XRP accumulation on exchanges at levels comparable to February, a period that preceded a strong rally. Combined with macro drivers—namely, heightened Fed rate-cut expectations—and confirmed by technical indicators (TD Sequential buy, Chaikin Money Flow > +0.05, moving average crossovers), there is a clear alignment of catalysts supporting upward momentum. In the short term, traders are likely to chase the $3.40 resistance if the $2.95 demand zone holds. In the long term, sustained accumulation and reduced exchange supply suggest strategic positioning by long-term holders, which can underpin further gains. Historically, similar on-chain accumulation phases have preceded multi-week rallies in XRP, reinforcing this optimistic outlook.