This move comes as traders eye both technical and macroeconomic catalysts that could fuel further gains.

After a period of consolidation, XRP’s market cap now stands at $179 billion, up 2.5% on the day, with weekly performance showing more than 7% growth. The renewed strength positions XRP as one of the leading assets in the current market environment.

Technical Picture: From Resistance to Breakout

The most notable development on the chart is XRP’s clean break above the descending resistance line. For weeks, sellers held the price under pressure, but bulls finally managed to push through, shifting momentum in their favor.

Key support remains at $2.70, a level that has been tested multiple times and proven resilient. Holding above this area gives traders confidence that the breakout has a solid foundation. On the upside, the next significant target is $3.88, where prior price action shows a strong resistance zone.

Indicators Show Growing Momentum

The technical indicators support the bullish case. The Relative Strength Index (RSI) is currently near 64, suggesting that XRP has momentum but is not yet in overbought territory. This leaves room for further upside without immediate risk of a sharp pullback.

Meanwhile, the MACD has flipped into positive territory, with its lines crossing above zero. This is often seen as a strong buy signal, indicating that bullish momentum is building and could carry XRP higher in the short term.

Macro Tailwinds: Fed Cuts and ETF Buzz

Beyond chart patterns, broader market factors are adding fuel to the rally. Speculation around a potential Federal Reserve interest rate cut has lifted sentiment across risk assets, including cryptocurrencies. Lower borrowing costs typically encourage capital flows into speculative markets, and crypto stands to benefit.

At the same time, ongoing excitement around crypto ETFs continues to attract fresh attention from institutional investors. While Bitcoin and Ethereum dominate ETF discussions, XRP is increasingly gaining more attention in this aspect, and optimism about future approvals is boosting confidence in the asset.

What’s Next for XRP?

For traders, the $3 level is now the battleground. If XRP can maintain support above this psychological threshold, the road to $3.88 becomes more achievable. A successful breakout above that point could open the door to even higher targets as bullish momentum compounds.

On the downside, a failure to hold $3 could bring $2.70 back into play. While this remains strong support, repeated tests could eventually weaken it, so market participants will keep a close watch on whether bulls can sustain control.

Outlook

With strong technicals, supportive macro factors, and renewed investor enthusiasm, XRP finds itself in a favorable position. Its recent breakout signals not just short-term momentum but also the possibility of a broader trend reversal.

For now, the focus will be on whether the token can build upon this $3 reclaim and march toward higher resistance levels — or if sellers will attempt to regain ground. Either way, XRP has re-entered the spotlight, and market participants will be closely watching its next move.

This article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategies or cryptocurrencies. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.

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