#XRP showing enough strength for move toward $3
The market has recently seen XRP exhibit remarkable resilience, suggesting that a significant breakout may be imminent. XRP payment volume between accounts reached an astounding 659 million tokens in the last day alone, highlighting a spike in network activity that frequently precedes significant directional movements.
Increased investor involvement and perhaps an accumulation phase among whales getting ready for the next leg up are suggested by this increase in transaction volume. With a strong push above its clustered moving averages, which include the 50, 100 and 200 EMA bands, XRP has produced a clear technical setup on the price chart that is rarely observed in the absence of follow-through momentum.
The asset is trying to lock in a higher low above the ascending support line that was formed through June and early July, and it is currently trading at about $2.29. Notably, the Relative Strength Index (RSI), which is currently just under 60, is steadily rising toward overbought territory, which is usually an indication that buying interest is increasing but has not yet peaked.
This setup is especially compelling because there is not any significant historical resistance between the current levels and the psychological threshold around $3.00. Even though there were brief price rejections earlier in the year between $2.50 and $2.60, these levels were never established as permanent obstacles. If the buying volume continues to increase, XRP may retest $2.50 in a few days and possibly rise toward $3.00 more quickly than most market players anticipate.
However, there is a chance of volatility due to the quick rise in payment activity. The sharp increase in daily volume to almost 660 million might be the result of substantial repositioning by major holders, which occasionally comes before profit-taking and following price increases. A rapid decline into the $2.00-$2.10 range is what traders should expect if XRP is unable to sustain momentum above the moving averages and loses support close to $2.15.
The technical structure and on-chain metrics of XRP are generally in line with one another, strongly favoring additional upside. The argument for a rally toward $3.00 appears to be getting stronger as long as volume stays high and the rising trendline holds. Traders should exercise caution, though, as this spike in network activity will intensify price swings in both directions —even though it is a bullish signal.
