The Ripple currency ($XRP ) has just broken through the resistance level of $2.80, and now all eyes are on $3.00 or more.

The Ripple currency ($XRP ) has risen by approximately 25.8% this week, reclaiming the third position with a market value exceeding $170 billion, and has surpassed its long-term bearish trend and its 200-day moving average by testing the resistance level of $3.00.

This movement confirms a structural shift: the Ripple currency has exited its bearish pattern and is on the verge of achieving higher highs. If it maintains its price above $3.00, the next breakout area targets $3.48, and it could likely range between $5 and $8 or more.

There has been a noticeable increase in trading volume on exchanges, with the currency outperforming Bitcoin (BTC) and Ethereum (ETH) alongside the strength of alternative currencies. Technical analyses indicate the possibility of consolidation before the next rise above $3.00.

Watch the $3.00-$3.10 level as a key area: a clear break above it could lead to $3.48 and above. Monitor on-chain trading volume as well as the rotation of ETFs/alternative currencies for confirmation.

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