XRP has been stealing the spotlight lately, with price action sparking talk of a potential rally. At press time, XRP traded at $3.05, up 1.67% in just 24 hours, while daily trading volume exploded 49% compared to the previous day. That kind of spike usually signals strong conviction from traders, and in this case, the buzz is tied to a bullish breakout that has the market watching closely.
According to analysis, the coin finally broke above a descending trendline that had acted like a stubborn ceiling since July 18, 2025. The daily close above that line confirmed the move, suggesting that momentum could carry higher. If bulls keep control, analysts see room for more than 20% upside, with a potential target around $3.66.
Resistance and support levels for XRP in play
Of course, the path won’t be straight up. Technical levels matter, and right now $3.40 looks like the next serious roadblock. If it clears it, a run toward $3.60–$3.66 becomes more likely. On the flip side, traders are eyeing $2.93 as critical support. Lose that, and XRP could stumble all the way down to $2.70 as liquidity gets scooped up below.
Meanwhile, the Supertrend indicator is still red, suggesting broader selling pressure hasn’t gone away. But momentum looks healthier than before. RSI has climbed to 57, close to “overbought,” but not quite there. This leaves enough room for another leg higher before exhaustion sets in.
Market experts chime in
Crypto influencers have been quick to fan the flames of optimism. One analyst posted on X (formerly Twitter): “If XRP breaks the $3.05 level, it could push toward $3.60.” That prediction is already playing out, with the coin successfully clearing the $3.05 mark this week. If the trend holds, bulls may get the rally they’ve been waiting for.
On-chain signals raise eyebrows
Not everything in XRP land looks rosy, though. Binance’s XRP reserves have quietly ballooned by 43 million coins over the past week. Normally, rising reserves signal potential selling pressure, or “dumping”, as tokens move to exchanges. That’s a red flag for some traders, especially since it happened during the same period it was climbing.
At the same time, leverage is piling up. Over the last 24 hours, liquidation levels sat at $2.988 on the downside and $3.084 on the upside, with $65.21 million in longs stacked against $24 million in shorts. That imbalance makes the market vulnerable to sharp squeezes in either direction.
What comes next for XRP?
XRP is walking a tightrope: breakout momentum is strong, but exchange flows and heavy leverage paint a riskier picture. If bulls defend support and volume holds, a run toward $3.66 is possible. But if reserves keep rising and over-leveraged longs get flushed, the rally could stall quickly. Either way, the coin isn’t boring, and the next move could be dramatic.
