Peter Smith
Ripple's XRP has broken free from a three-month descending trendline, sparking renewed interest among traders. The breakout comes after weeks of price compression and suggests bullish momentum may be returning to the cryptocurrency. With XRP now trading above the psychologically important $3.00 mark, market participants are watching closely to see if this move has legs.
Key Price Levels
Trader Doğu Tekinoğlu highlighted this breakout, noting that XRP's technical structure is looking increasingly constructive. With Ripple gaining legal clarity in its battle with the SEC and crypto markets showing signs of recovery, the fundamental backdrop appears supportive of higher prices.
The chart shows a clear picture: price has punched through the dotted descending resistance line that had capped gains since early 2025. This technical development, combined with improving market sentiment around Ripple's regulatory situation, has traders eyeing higher levels.
- First resistance: $3.35 represents the immediate hurdle. This horizontal zone has acted as a ceiling in recent weeks and needs to be cleared for continued upside.
- Extended target: A clean break above $3.35 opens the door to $3.66, offering roughly 13% upside potential from current levels.
- Support zone: If momentum fades, the $2.70–$2.80 area should provide solid buying interest, as it's where demand has stepped in multiple times before.
What's Next
XRP has shifted to a bullish stance in the near term. If buyers can push through $3.35 with conviction, momentum could accelerate toward $3.66 fairly quickly. However, if the price fails to hold above $3.00, we might see another round of consolidation before the next leg higher. For now, the breakout is encouraging and suggests XRP could be setting up for a meaningful rally.
Peter Smith
