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XRP is currently showing strong bullish signs, especially on the weekly chart. While there is a bearish divergence forming, it hasn’t been confirmed yet and for now, the overall trend for XRP remains bullish, and the price structure still supports a breakout outlook.
XRP is known for its sharp, fast price movements. Right now, it seems to be in the middle of a move to the upside, just like the previous volatile cycles. The recent breakout above the important $3 resistance level is a strong signal that the asset could be heading toward new all-time highs. If the trend continues, the next big price target lies between $4.60 and $4.70, based on the 2.618 Fibonacci extension level.
However, if XRP does pull back, there’s strong support at the $3 level and even stronger short-term support between $3.30 and $3.40, an area that previously acted as resistance but is now turning into a solid base after the recent breakout and retest.
On the daily chart, XRP has already confirmed this new support zone after bouncing off it recently. This is a positive shift that shows bulls are still in control. The altcoin’s strength is also supported by the declining Bitcoin dominance in the market.
As Bitcoin loses some ground in terms of market share, capital is flowing into altcoins like XRP and Ethereum, giving them room to grow and outperform.
Conclusion:
Right now, XRP’s price is moving just as expected in a bullish pattern. It recently broke above $3.40 and is now consolidating, or stabilizing, just above that line. As long as it stays above this level, the trend looks strong. However, there are important support levels to watch. If XRP falls below $2.75, the overall uptrend could break down, which would be a warning sign.