XRP has just initiated a new price increase after breaking through the important resistance level of $2.840. With the current upward momentum, XRP is showing positive signals in the short term and may continue to target higher resistance areas such as $3.10 and even $3.20.

XRP Strongly Recovers

  • After stabilizing above the support area of $2.840, XRP's price has accelerated past the $2.950 area.

  • Bulls maintain the upward momentum and push the price above $3.00 – an important psychological resistance level.

  • XRP reached a local peak in the $3.10 area before slightly adjusting to around $3.050.

Currently, XRP is trading above $2.950 and is above the 100-hour moving average (SMA 100), indicating the trend is still inclined towards upward.

📈 Nearest Resistance Level

  • Near resistance: $3.020

  • Major resistance: $3.050

    → If the price decisively surpasses this level, it is highly likely to move towards:

  • Next target area: $3.10 → $3.12 → $3.15

  • Stronger resistance in the short term: $3.20

Technical chart shows:

  • MACD is accelerating in the bullish zone.

  • RSI is above 50 – a positive signal for continued upward momentum.

🔻 Bearish Scenario: What Will Happen If XRP Cannot Hold $3.00?

If unable to hold the $3.00 area, XRP's price may reverse and adjust:

  • Near support: $2.950 (coincides with the upward trendline)

  • Important technical support: $2.880 (50% Fibonacci level from $2.660 → $3.10)

  • If it breaks through $2.880, the price may drop to the areas:

    • $2.840

    • $2.750 (next strong support area)

🔚 Conclusion

XRP is showing strength in the short term by maintaining important support levels and continuously testing resistance above. As long as the price stays above the $2.880 area, the outlook for an increase to $3.10–$3.20 remains intact.

📌 Investors should closely monitor the area $2.950–$3.050. A decisive breakout could be a confirmation signal for the next upward trend.