XRP has strongly broken through $3.00, reaching $3.16 today. This marks XRP's successful breakthrough of the key resistance level at $2.60. Technical indicators show that XRP is moving strongly. The Chande Momentum Oscillator reading is 91.3, reflecting strong buying pressure.
The balance of volume confirms a strong influx of funds, exceeding $3.16 billion. XRP is currently solidly breaking through its bullish support level near $2.25. There is minimal resistance before the volatility high point of $3.40.
Additionally, Binance data shows that traders are largely bullish, with a long-short ratio of 3.27. Although overbought conditions may trigger a pullback near $3.40, support remains solid between $2.85 and $2.90. The path towards $3.88 seems increasingly feasible.
