Saad Ullah
The crypto market has been buzzing about XRP's recent performance, and for good reason. Yesterday alone, the payment volume between accounts hit a staggering 659 million tokens - a clear signal that something big might be brewing. This kind of volume spike usually happens before major price moves, and it suggests whales are positioning themselves for the next leg up.
XRP (Ripple) Technical Setup Looks Bullish
From a technical standpoint, XRP is looking pretty solid right now. The token has pushed above its key moving averages (50, 100, and 200 EMAs), which is a classic bullish signal that doesn't happen without follow-through momentum. Trading around $2.29, XRP is trying to establish a higher low above the ascending support line that's been forming since June.
The RSI is sitting just under 60 and climbing steadily toward overbought territory. This tells us that buying interest is building but hasn't peaked yet, which is exactly what you want to see before a major breakout. The momentum is clearly shifting in favor of the bulls.
XRP Has Clear Path to $3 Target
Here's what makes this setup particularly interesting: there's very little resistance between current levels and the $3 target. Sure, XRP faced some rejection between $2.50 and $2.60 earlier this year, but these levels never became permanent roadblocks. If the buying volume keeps up, we could see XRP retest $2.50 within days and potentially push toward $3 faster than most traders expect.
The $3 level is crucial because it's a major psychological barrier. Once that gets taken out, it could trigger a wave of FOMO buying from both retail and institutional investors. The technical structure and on-chain metrics are all pointing in the same direction - up.
XRP (Ripple) Risks to Consider
Of course, there are risks to keep in mind. The massive volume spike could be big holders repositioning before taking profits, which sometimes leads to sell-offs. If XRP can't hold above its moving averages and loses support near $2.15, we could see a quick drop to the $2.00-$2.10 range.
The high volume is a double-edged sword - it's bullish, but it also means more volatility in both directions. As long as the rising trendline holds and volume stays elevated, the case for a $3 rally keeps getting stronger. But traders need to stay alert because this increased activity will make price swings more dramatic.
Saad Ullah
