Peter Smith
XRP is flexing again. After finding solid ground around $3.00, the token has shaken off its short-term bearish trend and looks ready for business.
What the Charts Are Saying
The daily picture tells a pretty compelling story. Analyst Cryptoinsightuk is watching one crucial level: $3.35. If XRP can punch through that ceiling with conviction, we might be looking at a straight shot to record territory and beyond. Buyers showed up big time at the $2.72 support zone, refusing to let XRP fall any further. That buying pressure helped break the descending trendline that had been weighing on price - a classic sign that the bears are losing steam. Now all eyes are on $3.35 resistance, and if that falls, $3.65 becomes the next target before we start talking about all-time highs seriously.
The momentum indicators are backing up this bullish narrative too. RSI sits at a healthy 55, climbing from neutral ground without getting into overbought territory yet. That's the sweet spot traders love to see - room to run higher without immediate reversal risk.
Why This Rally Has Legs
The broader crypto market recovery is giving altcoins like XRP some wind in their sails. But this isn't just riding coattails - XRP's technical breakout has attracted the attention of chart-watchers who see a genuine setup developing. The volume spikes around that support zone weren't just noise either. They signal that serious buyers stepped in when it mattered most.
Here's how this could play out. Bulls need XRP to close convincingly above $3.35 on the daily timeframe. Do that, and $3.65 comes into play fast, putting those coveted all-time highs within striking distance. But if $3.35 holds firm as resistance, we could see XRP retreat back to that $2.72 support level where buyers will need to prove they're still in control.
The next few trading sessions will be telling. XRP has momentum, it has technical support, and it has a clear roadmap higher. Whether it can execute on that potential depends entirely on what happens at $3.35.
Peter Smith
