XRP Price Forecast: Can Bulls Push Beyond $2.95 and Trigger $3 Breakout?
XRP is at $2.84, up 1.12% in the last 24 hours, with daily volume above $2 billion and a market cap of $169 billion...
Quick overview
- XRP is currently priced at $2.84, showing a 1.12% increase in the last 24 hours with a market cap of $169 billion.
- The price is forming a symmetrical triangle, indicating a potential breakout after consolidation, with support at $2.76 and resistance at $2.95.
- Momentum indicators are positive, with the RSI at 58, and recent price action suggests a bullish trend may be developing.
- Traders should watch for a bullish trigger above $2.88 or a bearish risk if the price closes below $2.76.
XRP is at $2.84, up 1.12% in the last 24 hours, with daily volume above $2 billion and a market cap of $169 billion. Price is in a symmetrical triangle, a pattern that often means a breakout after consolidation. Support is at $2.76 and resistance at $2.95.
The 50-EMA ($2.82) and 200-EMA ($2.88) are converging, a zone many traders watch for crossovers. Since early September, XRP has been making higher lows, a sign of buying pressure. But the descending trendline from late August is a ceiling, so this is a big inflection point.
XRP/USD Technicals to Watch
Momentum is positive. RSI is 58 and climbing but not yet overbought. Recent candles are small-bodied indecision candles followed by stronger bullish closes, like the start of a 3 white soldiers. If that confirms, that’s bullish.
Key levels to watch:
- Bullish trigger: Break above $2.88 (200-EMA) → targets $2.95 and $3.04
- Bearish risk: Close below $2.76 → next supports $2.70 and $2.63
XRP/USD Trade for Beginners
For newbies, XRP’s chart is bullish and bearish:
- Bullish scenario: Enter long above $2.88, set stop below $2.76, and target $2.95–$3.04.
- Bearish scenario: If XRP rejects resistance with a bearish engulfing candle, shorts can target $2.76 and then $2.70.
This is a squeeze setup: price is coiled, momentum is building, and the breakout will decide the next big move in XRP.
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