- XRP breaks above $3.36 with strong volume, targeting $3.82 and $4.20.
- MACD crossover and rising RSI confirm increasing bullish momentum for XRP.
- Volume and open interest support a sustained rally; key support holds at the $2.80 zone.
XRP has entered a critical stage in its trend. Momentum indicators, volume, and moving averages all show bullish conditions, according to the TradingView chart. The coin has broken above $3.36, gaining more than 10% in the last 24 hours. This move puts the token at its highest level since the recent consolidation began. It also confirms a strong bullish breakout that is now backed by both open interest and volume.
XRP Confirms Technical Breakout
XRP opened at $3.03 and climbed to a daily high of $3.36. Trading volume surged past 195 million, showing strong interest from market participants. This is massive compared to previous days. Similar volume spikes were precedents of significant rallies in XRP’s history.
The price is now trading above all key moving averages. The 20 EMA stands at $2.83, and the 200 EMA is around $2.38. Its current price is above all of them. This structure confirms a technical breakout supported by solid trend alignment.
The Fibonacci levels on the daily chart also show that the coin has broken past the 0.236 retracement level. This level stood near $2.80 and acted as resistance. With that breached, the next key level is the $3.82 zone. An increase in price along with an increase in volume is normally a reliable metric.
EMAs and Fibonacci. Source: TradingView
Also Read | XRP Faces $3.18 Wall, Can Bulls Break Through?
MACD and RSI Suggest Strong Uptrend
The MACD shows a clear bullish crossover. MACD line is above the signal and the zero line. This move signifies bullish strength. Histogram bars are growing, and it implies that momentum is increasing. The last time the MACD was this strong, the XRP price doubled within two weeks.
The RSI indicator on the daily chart has reached 87. This is a traditional overbought level. However, it does not necessarily confirm that a reversal has been made by itself. During past rallies, the coin’s price remained overbought but kept moving up. It is an indication of good trend power. The market is on the bullish side at present. There is, however, the possibility of profit-taking for a short period.
MACD and RSI. Source: TradingView
XRP’s Bullish Trend Persists Above VWAP
According to the current Stochastic RSI reading of 95, the coin is displaying full-blown overbought signals. This demonstrates that XRP is approaching a moment of short-term price drop. Therefore, traders should wait and take entry positions after the temporary pullback.
The volume-weighted average price (VWAP) has a value of $3.23. XRP remains above it and this indicates that the coin’s market is still in the control of buyers. In a rally, the price staying above VWAP confirms the strength of the trend. That contributes to the bullish argument and indicates continuing accumulation.
The new support areas are in the range of $2.80 and $3.00. They are VWAP, prior resistance and 20 EMA. So long as XRP continues to hold particular levels, the bullish trend is valid. In case of price decline, the current structure may be invalidated by a drop to below $2.80.
VWAP and Stochastic RSI. Source: TradingView
Volume and Open Interest Confirm Bullish Momentum
On-chain metrics further confirm this coin’s bullish momentum. According to Coinglass data, XRP derivatives volume surged by 123.85%, reaching $49.08 billion in total trading activity. This massive rise signals renewed interest from traders and institutions in XRP futures and perpetual contracts.
At the same time, open interest has climbed by 20.12%, now standing at $11.13 billion. A rise in both volume and open interest suggests strong momentum and growing market participation.
Source: Coinglass
The breakout followed several months of bound trading. It took XRP more than four months to get out of the range between $2 and $2.80. The price has broken the upper boundary of this range. Such a breakout formation is reminiscent of earlier XRP rallies in 2020 and 2021.
Also Read | XRP Breaks $3.08, Is $3.82 the Next Target?
