Saad Ullah
The cryptocurrency market is seeing renewed excitement as XRP (XRP) stages a major breakout. In a sharp upward move, XRP has gained over 11% in a single day, pushing past multiple resistance levels and hitting a multi-month high. Traders are now closely watching the charts as the price momentum shows no signs of slowing.
XRP Price Skyrockets Past $3.26 in Powerful Breakout
The XRP (XRP) market has entered a bullish frenzy, with the asset rallying over 11.23% in the last 24 hours to hit $3.261, as shown on the 1-day chart. The surge marks a significant technical breakout and has captured the attention of traders anticipating a potential move toward the $4 mark.
This latest rally comes after weeks of consolidation and now places XRP above major moving averages. The price action has reignited optimism among bulls who are closely watching for follow-through momentum.
Technical Setup Favors Bulls as XRP Targets New Highs
XRP has soared past key moving averages, including the 50-day MA at $3.007 and the 100-day MA at $2.2775, reinforcing the bullish trend. The price is now nearing the recent high of $3.9646, a level that could become the next resistance if current momentum holds.
The rally began from a low of $1.9131, and XRP has since maintained a steep upward trajectory. The asset’s current support appears to be forming around $2.9599, while the 24-hour high stands firmly at $3.2618.
With strong volume and technical support, XRP (XRP) price could continue its ascent. Traders are now eyeing the psychological $4 barrier as the next big milestone. If momentum remains intact, XRP may be set for a sustained uptrend.
Saad Ullah
