Strong Buying Activity and Technical Breakout Signal Renewed Bullish Momentum
XRP surged past the $3.00 mark, registering a notable breakout that has caught the attention of both retail and institutional investors. This price movement, seen on the 4-hour chart, follows a period of consolidation and comes amid growing anticipation around a potential SEC appeal decision regarding Ripple Labs.
The sharp move pierced through multiple resistance levels and coincided with an uptick in trading volume, particularly noticeable on Asian exchanges. Market participants are closely watching the $3.00 zone, as it acts as a critical psychological and technical level.
“A break above $3 was always a strong bullish confirmation,” said a technical analyst observing the move. “What’s important now is whether XRP can hold above the green demand zone just below $3.00. If it does, we could see continuation toward the previous high near $3.60.”
XRP Technical Analysis Shows Key Support and Resistance Zones
On the chart, XRP had previously been trading within a descending channel, which it decisively broke out of in mid-July. This bullish breakout led to a strong upward rally, with the price retesting and consolidating above the $2.85–$2.90 demand zone (highlighted in green). This zone has now flipped into support, reinforcing the breakout structure.
Another critical support region lies around $2.60, marked by a broader consolidation zone that absorbed previous sell-side pressure. Unless XRP loses both zones, downside risk appears limited in the short term.
On the upside, the $3.25–$3.35 resistance zone (highlighted in red) could act as the next hurdle. This area saw rejection in late July, marking a temporary local top before the current consolidation.
Investor Sentiment Builds Ahead of Regulatory Milestone
With regulatory clarity still in limbo, speculative interest around the SEC’s pending appeal decision has added fuel to the rally. Market participants are viewing the outcome as a potential catalyst for further upside or volatility.
“Volume profiles and market structure favor continuation if macro conditions stay neutral,” added a market strategist. “A confirmed close above $3.10 with volume could open the gates toward $3.50 and beyond.“
As XRP continues to build momentum above $3.00, traders are advised to watch volume trends and regulatory headlines, which are likely to shape near-term price action.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.