Peter Smith
XRP (XRP) is nearing a major breakout as bullish momentum builds around long-term technical and fundamental catalysts. After years of compression, the asset is once again challenging the $3.50 resistance level, and traders are closely watching for a decisive move above this threshold.
A confirmed close above $3.50 would push XRP into price discovery mode, potentially paving the way for the long-awaited push toward double-digit valuations.
XRP Price Presses Against Multi-Year Resistance
The chart illustrates XRP forming a large ascending triangle pattern dating back to 2018, with higher lows converging toward a strong resistance zone near $3.50. The current candle shows XRP trading just below this key level, with upward pressure gradually increasing.
A breakout above this resistance—especially on a two-week closing basis—could trigger accelerated buying, as there is little historical price data beyond this range. This structure is often a prelude to explosive upside moves.
Macro Catalysts: Stablecoin Adoption and ETF Approval in Focus
Beyond technicals, XRP is supported by strong macro developments. The adoption of Ripple’s RLUSD stablecoin in institutional partnerships and infrastructure is rapidly expanding, establishing XRP’s utility in cross-border settlements.
In parallel, speculation continues to grow around a potential XRP exchange-traded fund (ETF), which could introduce substantial liquidity from traditional finance (TradFi). Together, these forces are reinforcing bullish sentiment and building the foundation for a breakout cycle that many believe could push XRP price well above $3.50, toward double-digit targets.
Peter Smith
