XRP Poised for Rally Toward $3.5 After $2.8 Support Holds
XRP price rebounded sharply from the $2.80 support, preserving its bullish structure and signaling a potential move toward $3.20–$3.50. Short-term 26- and 50-period EMAs converged near $2.80, reinforcing the technical floor. Rising on-chain metrics—higher transaction counts and new account activations—underscore genuine demand and reduce the odds of a purely speculative spike. Traders should watch for a break above the $3.00 psychological barrier and sustained volume to confirm further upside. A breach below $2.80 on rising volume would raise the risk of a deeper correction. Key levels: $2.80 support, $3.00 resistance, $3.20–$3.50 medium-term target.
Bullish
The decisive bounce from $2.80 support, backed by the convergence of the 26- and 50-period EMAs, suggests renewed buying interest in XRP. The uptick in on-chain metrics—transaction volumes and new account activations—indicates genuine demand rather than speculative spikes. Historically, XRP has rallied strongly after holding critical support levels, as seen in July’s rebound. Short-term, traders may target the $3.00 resistance and then $3.20–$3.50 if volume confirms. Long-term, sustained network growth supports a bullish outlook, provided $2.80 remains intact. A break below that level could trigger deeper downside risk.