XRP, Ripple’s native token, is drawing significant attention after soaring to $2.28—its highest level in years. This sharp upward movement, coupled with a dramatic spike in trading volume, has sparked bullish sentiment across the crypto community. The surge indicates renewed investor interest, fueled by positive developments in Ripple’s legal battle with the SEC and increasing adoption of its payment solutions globally.
Analysts note that XRP’s current price action suggests a potential breakout from a long-standing resistance zone around $2.30. A sustained close above this level could signal the start of a powerful rally, with the next major resistance seen near $2.75. The asset has been consolidating for weeks, and this move to $2.28—supported by a nearly 180% rise in daily volume—may be the momentum needed to push higher.
Technical indicators further support the bullish narrative. The Relative Strength Index (RSI) is not yet in overbought territory, leaving room for continued upward movement. Meanwhile, the 50-day moving average has crossed above the 200-day moving average, forming a golden cross—a historically strong bullish indicator.
Investor sentiment around XRP is also improving, driven by broader optimism in the altcoin market and a drop in Bitcoin dominance. With institutional interest growing and regulatory clarity potentially on the horizon, XRP’s breakout seems increasingly probable.
However, traders are advised to watch for potential pullbacks. A failure to hold above $2.30 may lead to a retest of the $2.10 support. Still, the fundamentals and technicals are aligning, and if momentum sustains, XRP could be on track to reclaim higher targets last seen during the 2017 bull run.
For now, all eyes are on XRP as it inches closer to confirming a breakout with strong volume support.
