XRP is currently sitting at a crucial price zone where both technical signals and external catalysts are aligning. While short-term volatility persists, market watchers are now evaluating whether strong higher timeframe closures, a retest of major resistance, and U.S. regulatory momentum could act as a confluence for bullish continuation.
With analysts outlining defined breakout zones and broader accumulation trends unfolding, XRP’s ability to hold current support levels could determine if a rally toward $4.00 is imminent or delayed.
Is XRP Now Primed for a Breakout?
According to CRYPTOWZRD on X platform, XRP holding above the $3.23 resistance target remains favorable for long setups. The analyst notes that XRP’s monthly candle closed strongly bullish and suggests that the traction could carry the token toward $3.65 and potentially up to $4.70.
However, a break below the $3.02 support area may reverse the short term structure bearish. According to the analyst, price volatility is higher in the monthly transition period and best suited to the short-term scalping outcome of Bitcoin, as it provides a continued influence to the broader crypto market.
On the daily chart, XRP price is retesting a critical zone after facing rejection from the $3.67 high. At press time, price action shows a bounce to the previous resistance area between $2.90 and $3.30, now acting as support. This retest is crucial in testing bullish power of the token.
An upside rebound out of this area can offer the scope of continuing on the move to upwards of $3.65. However, failure to hold this level could send XRP back toward the $2.00–$2.20 support zone. So, this retest period is an either/or point in regards to bullish continuation.
The XRP RSI stands at 47.46, indicating that sellers are at an upper hand. The RSI is also breaking below its signal line, confirming the absence of short-term strength.
However, as long as XRP stays above $2.90 and reclaims $3.30, the XRP price prediction remains tilted toward a move to the upside. Otherwise, the price can remain in the state of consolidation.
Regulatory Tailwinds: Can Project Crypto and Outflows Drive the Next Rally?
The SEC has rolled out Project Crypto, a new program that will commit to transforming the financial markets in the U.S. to blockchain ones.The plan focuses on updating outdated regulations and encouraging innovation across digital assets. This move signals a more open stance from regulators, which could help restore confidence across the crypto space.
SEC Chairman, Paul Atkins stated “Project Crypt will be the SEC’s north star in aiding President Trump in his historic efforts to make America the ‘crypto capital of the world.” With clearer policies on the horizon, XRP could be one of the key beneficiaries, as institutions gain more confidence in regulated tokens.
Meanwhile, the XRP in exchange reserves decreased 7.57% to 8.49 billion, as per CryptoQuant data. This decrease is usually an indication of transfer of coins out of centralized exchanges, an indication of coins being transferred to the privacy wallets of the users instead of selling. This trend has been accompanied with accumulation phases.
If this trend continues alongside supportive policy changes, XRP could gain the conditions needed for a strong upward push. Price direction will depend on how the asset behaves around its current support area, but these factors point to possible recovery if buyer interest returns.
In conclusion, XRP’s price structure continues to develop favourably above key support, while regulatory shifts and falling reserves create bullish tailwinds. If buyers hold $3.23 and reclaim $3.30 with volume, a move toward $3.65 and higher becomes increasingly likely.
Frequently Asked Questions (FAQs)
XRP is expected to rise toward $3.65 or higher if buyers hold $3.23 and reclaim $3.30 resistance.
The SEC’s Project Crypto may improve regulatory clarity, which could boost confidence in tokens like XRP.
A 7.57% drop suggests fewer coins are on exchanges, which often signals long-term holding and reduced sell pressure.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
✓ Share: