XRP $XRP is trading at approximately $2.93, showing a 1.13% increase over the past 24 hours with a market cap of $173.12 billion.
Technical analysis indicates a bullish short-term outlook, with XRP breaking out of a descending wedge pattern, supported by strong trading volume and whale accumulation. The 50-day moving average is rising, suggesting a positive medium-term trend, while the 200-day moving average has been trending upward since July 10, 2025, reinforcing longer-term strength.
However, the Relative Strength Index (RSI) is near overbought levels at 68, and the Stochastic RSI has signaled potential overbought conditions, raising the risk of a correction toward $2.10–$2.25 if momentum falters. Key resistance lies at $2.90–$3.40, with a breakout above $3.40 potentially targeting $4.80–$6.00, while support at $2.25–$2.40 remains critical.