Analysts Highlight $5–$8 Targets if Resistance Levels Fall
XRP is trading near $2.95, holding firm after a sharp bounce that followed the Federal Reserve’s dovish policy shift. The move has injected fresh momentum into the broader crypto market, and XRP in particular is drawing investor attention as it approaches a key resistance zone around $3.10.
The backdrop for XRP remains favorable. Following regulatory clarity after Ripple’s high-profile litigation outcome, the asset has continued to benefit from growing institutional flows. Analysts argue that these flows could accelerate should XRP push decisively above current resistance levels.
The chart shows XRP consolidating in a range between $2.80 and $3.20, with strong support evident around the $2.85–$2.90 band. Above, sellers remain active near $3.10, but the repeated tests of this zone suggest building pressure for a potential breakout.
Market strategists are increasingly optimistic. “If XRP can close firmly above $3.10, the technical structure opens the way toward $4 in the medium term, with longer-term projections ranging between $5 and $8,” one analyst explained.
According to BITX , “The combination of regulatory clarity and macro support from the Fed’s dovish stance is significant. It creates a supportive environment for XRP to outperform other large-cap tokens.”
Volume data shows heightened participation on upward moves, reinforcing bullish conviction. Still, traders caution that failure to hold above $2.85 could trigger a pullback toward the $2.50 demand zone, where strong buying emerged earlier this summer.
XRP is approaching a pivotal resistance area at $3.10. A breakout would confirm bullish momentum, opening the path toward ambitious $5–$8 targets in the months ahead.
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.