Usman Salis
XRP (Ripple) has captured significant attention with its recent quarterly performance, delivering nearly 40% gains and breaking through key resistance levels. The cryptocurrency's 3-month chart presents compelling technical signals that suggest a potential major rally ahead, marking one of the most promising setups in recent years.
XRP Shows Impressive Momentum on Long-Term Chart
The latest quarterly chart for XRP reveals remarkable strength, with the token surging above $3.12 and posting a solid 39% gain over the three-month period. This performance places XRP at multi-year highs and demonstrates renewed confidence from both retail and institutional participants. According to trader Cryptoinsightuk, this type of long-term signal is rare and could indicate the start of a substantial upward movement if current momentum continues.
The breakout above key resistance levels suggests that XRP may be entering a new bullish phase after an extended consolidation period.
Key Technical Levels to Watch
- Immediate resistance: The $3.65 – $4.00 zone represents the next major hurdle, having previously capped rallies in earlier periods
- Support range: $2.20 – $2.50 serves as the primary support area where buyers have historically entered the market
- RSI indicator: Currently sitting at 81.43, XRP has entered overbought territory, reflecting strong buying pressure while also suggesting potential for near-term corrections
Despite trading volumes remaining below the extreme peaks seen during 2017 and 2021 bull runs, the price action clearly displays a breakout pattern that technical analysts view favorably.
Why Investors Are Watching XRP
Multiple fundamental factors are contributing to the renewed bullish sentiment surrounding XRP. Regulatory clarity has improved significantly following Ripple's partial legal victories against the SEC, removing a major overhang that had previously weighed on the token's performance. Institutional adoption continues to grow as more companies explore blockchain-based payment solutions, supporting XRP's core use case. Additionally, the broader cryptocurrency market recovery has increased investor appetite for established, high-market-cap tokens like XRP.
Market Forecast
A successful close above the $3.65 level would likely open the path toward $5 and potentially higher targets. However, if momentum fails to sustain current levels, traders should prepare for a possible retest of the $2.50 support zone. For long-term holders, the quarterly chart presents one of the most attractive technical setups seen in years. While risk management remains essential, XRP's strong quarterly performance suggests that bullish forces are currently driving the market.
Usman Salis
