XRP is showing positive signals as it continues to maintain above the important support area of $2.950. While Bitcoin shows signs of stagnation, XRP is maintaining an upward trend similar to Ethereum, raising hopes for a new breakout in the near future.

XRP Maintains Uptrend Above $2.950

After breaking and holding above the $2.850 range, XRP has shown steady growth, surpassing resistance levels of $2.920 and $3.00. The recent high was recorded at $3.126 before the price entered a slight correction phase. Currently, XRP is trading around $2.950 - $3.00 and is above the 100-hour SMA moving average, indicating that the uptrend is still maintained.

The technical chart indicates that a bullish channel is forming with critical resistance at $3.120. This will be the area that buyers need to overcome to trigger a stronger growth phase.

Potential Target If Exceeding $3.120

If XRP can close and maintain above the $3.120 resistance level, the price could quickly aim for:

  • $3.150 – Next short-term resistance.

  • $3.200 – Important psychological target.

  • $3.250 – Strong resistance that may determine the medium-term trend.

A breakout above $3.120 could generate momentum for XRP to attract additional new capital and expand the rally.

Risk If $2.950 Is Not Maintained

In a negative scenario, if XRP fails to surpass $3.120 and drops below the $2.950 support area, selling pressure may increase. Support levels to pay attention to:

  • $2.990 – Initial support.

  • $2.920 – Next support, coinciding with the 100-hour SMA.

  • $2.862 – Strong support level; below this, the likelihood of a downward trend will be activated.

The technical indicators are still leaning towards the buyers: MACD is accelerating in the positive zone, RSI is above 50, indicating that the upward momentum is prevailing.

Conclusion

XRP is at a critical stage as it oscillates around the $3.00 – $3.120 range. If it breaks through the key resistance, the possibility of XRP moving towards $3.20 - $3.25 is entirely feasible. Conversely, failure here could cause the price to return to retest lower supports. Investors should closely monitor price action around $3.120 to determine the next trend.