Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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XRP is trading at $3.01, up 2.07% in the last 24 hours as traders wait for a confirmed breakout after months of sideways action. The cryptocurrency has a market capitalization of almost $180 billion, making it the third-largest by value.
The bullish momentum is building on a firm base formed in a symmetrical triangle pattern since July, a setup that often precedes significant moves.
This triangle pattern shows converging highs and higher lows, meaning a balance between buyers and sellers. But the recent daily close above $3.00 suggests bullish momentum might finally be gaining traction.
If price action continues to go above this level, a confirmed breakout could take XRP to higher resistance levels in the coming weeks.
XRP Technicals Support Bullish
From a technical perspective, the 50-day SMA at $2.93 is the key support level, while the 100-day SMA at $2.63 is the longer-term trend line. A daily close above $3.12 would be a confirmed breakout, and could take XRP to $3.38, $3.67, and eventually $3.95.
The candle structure is also looking good. XRP printed a bullish engulfing candle near $2.93 earlier this week, erasing the losses and demonstrating buyer confidence.
The RSI is at 54, leaving room for more upside before it gets overbought. Higher lows above $2.93 would strengthen the case for a bullish trend into November.
XRP Trade Setup and Outlook
Despite the optimism, the XRP price prediction remains neutral as traders remain cautious until a confirmed breakout is achieved. A failed move above $3.12 could invite short-term selling and take the price back to $2.72, the lower edge of the triangle.
However, as long as this structure remains intact, the bigger picture remains bullish.
For traders, the trade is long on a confirmed daily close above $3.12, targeting $3.38 and $3.67, with stops below $2.92.The tightening structure, increasing volume, and improving sentiment mean the next big move is near.
A sustained breakout would not only be a bullish reversal but could also mark the start of a new multi-month rally. If momentum continues to build, XRP could reach $3.95, driven by institutional interest and investor confidence in Ripple’s long-term vision.
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