Saad Ullah
The cryptocurrency market is witnessing a notable comeback story as XRP breaks free from recent consolidation patterns. After testing investor patience with sideways movement, Ripple's token has delivered exactly what bulls were hoping for - a decisive move that could signal the start of something bigger.
Bulls Take Charge After Successful Defense of Key Support
XRP has staged an impressive recovery, surging 6.47% to reach $3.052 and successfully reclaiming the psychologically important $3.00 threshold. The rally comes after the token found solid footing at the $2.57 support level, where buyers stepped in aggressively to defend against further downside. Trader noted this price action as a potential turning point, suggesting the momentum could be shifting decisively in favor of bulls who have been waiting patiently for this breakout.
The move above $3.00 represents more than just a technical victory - it signals renewed confidence among XRP holders and could attract fresh buying interest from traders who had been sitting on the sidelines during the recent consolidation phase.
Critical Resistance Levels Come Into Focus
With the $3.00 hurdle now cleared, all eyes are turning to the next major obstacle at $3.15. This level has proven significant in recent trading sessions, and a clean break above it could unleash even stronger buying momentum.
Should XRP manage to push through $3.15 convincingly, the path could open toward the $3.65 zone - a level that holds particular significance as it represents the peak reached during XRP's mid-July rally. That previous high serves as both a target and a test of whether this current move has the strength to challenge multi-week resistance levels.
For now, the technical setup looks increasingly favorable for continued upside, especially if the $2.57 support zone continues to act as a reliable floor for any potential pullbacks.
Saad Ullah
