$XRP just smashed through a key resistance line and bounced hard from $2.75 support, setting up what could be a major run toward $3.10 and beyond.

XRP finally did it. After months of getting beaten down from July's $3.65 peak, the token just broke free from its downtrend prison. The $2.75 level held like a champ, and now bulls are eyeing the next big prize at $3.10. But first, they need to crack the $3.00 ceiling that's been giving them trouble.

✨Chart Breakdown: The Technical Story

XRP just pulled off something that has traders buzzing. After months of getting hammered from its July peak of $3.65, the token finally caught a break at the crucial $2.75 support level. This wasn't just any random bounce - we're talking about a level that lines up perfectly with the 0.5 Fibonacci retracement and the 3-month EMA. As @CryptoXLARG pointed out, the buying pressure from this zone has been enough to flip the script and get people talking about another leg up.

The charts are telling a pretty clear story right now. XRP has broken above that annoying descending resistance line that's been capping every rally attempt for weeks. That's the good news. The challenge now is the $2.98-$3.00 zone, which sits right at the 0.382 Fibonacci level and represents the make-or-break moment for this breakout attempt.

✨Here's what traders need to watch:

  • Upside targets: $3.10, $3.30, and $3.45 if the breakout sticks

  • Downside risk: A daily close below $3.00 could send XRP back to test $2.75 support

  • Volume confirmation: Still waiting for stronger trading volume to validate this move

✨What Happens Next

The momentum indicators are starting to turn positive, and breaking that trendline is definitely a step in the right direction. But here's the thing - XRP is sitting right at the most important level of this entire move. Either it powers through $3.00 and makes a real run at $3.30, or it fails here and we're back to square one at $2.75.

The next few daily closes will tell us everything we need to know. Bulls need to prove they can hold this breakout, while bears are probably loading up for one more push lower. It's that simple - and that critical.

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