Saad Ullah
XRP (XRP) is showing explosive momentum, with traders eyeing a decisive breakout above key resistance levels. As the price surges toward $2.90, bullish sentiment is mounting, and analysts believe that breaching this level could pave the way for a major rally.
XRP Price Approaches Critical Resistance at $2.90
The XRP price has surged to a high of approximately $2.975, according to the chart, before settling around $2.87. This places XRP just below a crucial resistance zone at $2.90. If bulls manage a daily close above this level, technical indicators suggest the price could quickly extend to $4.20–$5.00.
Recent upward momentum began near the $1.90–$2.10 region, where strong support held firm. XRP has since rallied above the 100-day and 200-day moving averages, and now all eyes are on the psychological and technical barrier just under $3.00.
Technical Indicators Show Overbought but Bullish Signals
The RSI is currently hovering around 80, which is firmly in overbought territory, indicating strong bullish pressure but also raising caution for a potential cooldown. Meanwhile, the Stochastic RSI is at 100, signaling maximum momentum.
Despite the high RSI values, the overall setup remains bullish. If XRP price closes above $2.90, analysts expect a swift move toward $4.20 and possibly even $5.00, marking a significant shift in market structure.
Saad Ullah
