Usman Salis
XRP just pulled off something that has traders sitting up and taking notice. After weeks of choppy action, the digital asset finally broke through a crucial level that could change everything. But here's the catch—one key factor will determine if this breakout is the real deal or just another fake-out.
XRP Smashes Through $3.09 Resistance
XRP is trading around $3.0930 after staging an impressive bounce from support near $2.9401. The move above the 21-day moving average has crypto trader @cryptoes_ta buzzing, calling it a solid bullish signal—but with one important caveat.
"The breakout looks good, but we need to see a strong daily close to confirm this isn't just another head fake," the analyst noted. After testing recent lows, buyers clearly stepped up with conviction, pushing XRP toward those red resistance zones around $3.40.
What makes this move interesting is how decisively XRP reclaimed the $3.09 level. These aren't the slow, grinding moves we've been seeing—this looks like institutional money finally making a statement.
XRP Bulls Need to Prove Their Strength
Here's where things get crucial: XRP needs to actually hold above $3.09 to validate this breakout. A daily close above the moving average would be like waving a green flag for more upside action, potentially setting up a run toward that juicy $3.40 target.
But let's keep it real—if XRP can't maintain its footing above $2.94, we could see this rally fizzle out faster than you can say "crypto winter." The bears are still lurking, ready to pounce if buyers lose their nerve.
Right now, momentum indicators are flashing bullish signals, but traders know better than to get too excited too early. If XRP can string together a few solid daily closes above $3.09, those $3.40+ targets start looking very achievable. Until then, it's all about watching whether the bulls can back up this breakout with sustained buying pressure.
Usman Salis
