The crypto market is regaining momentum today — total market capitalization has jumped over 3.11% to $3.86 trillion, with many key assets flashing green. Bitcoin (BTC) is hovering around $116,600, Ethereum (ETH) is pushing toward $3,900 — and XRP is stealing the spotlight with a gain of over 11%.
🔹 XRP Breaks Key Resistance Zone
After opening the day at $2.99, XRP surged to a daily high of $3.38, breaking through a crucial resistance range between $3.04 and $3.33. It’s now trading around $3.31 with a market cap of $196.75 billion. Meanwhile, daily trading volume has exploded by over 167%, reaching $11.29 billion. According to Coinglass, over $26.92 million in XRP positions have been liquidated in the last 24 hours.
🔹 Technical Indicators Signal Continued Upside
MACD (Moving Average Convergence Divergence) has triggered a bullish crossover above the zero line — a sign of strong upward momentum. The Chaikin Money Flow (CMF) indicator also reads 0.36, reflecting healthy capital inflow and buyer dominance.
With this bullish setup, XRP may test the next resistance around $3.37. If the rally continues, it could break through $3.43 and potentially form a golden cross — a classic signal of a sustained uptrend.
🔹 Caution: Market May Be Overheating
On the flip side, the RSI (Relative Strength Index) is at 70.86, suggesting the asset is in overbought territory. If bullish momentum fades, XRP could pull back toward $3.25 or even retest support near $3.19. A prolonged correction might even lead to a bearish “death cross” pattern.
Still, the Bull Bear Power (BBP) indicator stands at 0.4316 — showing bulls firmly in control and keeping the door open for a new leg upward.
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