Peter Smith
XRP is showing some serious bullish strength after bouncing hard from the $2.80 support zone. The crypto has climbed about 24.63%, bringing its current price to $3.01 according to recent charts. This surge comes after an impressive 57.60% rally back in July, when XRP hit a high of $3.6745 after finally breaking out of a lengthy consolidation phase.
Traders are keeping a close eye on whether XRP can hold onto these gains and make another run at those July highs. The question now is simple: does XRP have enough steam left in the tank for another major move?
XRP Price Breaks Out After Long Consolidation
Before July's explosive rally, XRP was stuck in a frustrating consolidation around $2.6650 for what felt like forever. When it finally broke out of that range, things got interesting fast. The price rocketed from the $2.41–2.45 zone all the way up to $3.6745 – that's a gain of over 57% in just one move.
Now we're seeing XRP bounce from $2.80, and the structure looks pretty similar to what we saw before that July breakout. Traders are wondering if history might repeat itself here.
Key XRP Price Levels That Matter Right Now
Trading around $3.01, XRP needs to stay above the $2.90–$2.95 zone if bulls want to keep this party going. If the price slips below this support, we could see some serious downside pressure that might send XRP back to $2.80 or even lower.
But if the bulls stay in control – and that's a big if – analysts think another move toward $3.67 could definitely be in the cards. The key factors to watch are trading volume and whether the broader crypto market stays positive. Without those two things working together, this rally could fizzle out pretty quickly.
The bottom line? XRP is at a crucial spot right now. Hold above $2.90, and we could see fireworks. Break below it, and things might get ugly fast.
Peter Smith
