The latest rally in XRP follows renewed strength in Bitcoin, with bullish technical signals pointing toward a potential breakout toward the $4 resistance zone.
XRP has surged past the $3.00 mark, gaining more than 27% in recent sessions, as Bitcoin’s rise to new yearly highs fuels renewed optimism across the crypto market. The move marks XRP’s strongest performance since August, with traders now eyeing a possible extension toward the next resistance at $4.00.
The surge comes after several weeks of consolidation near the $2.80 support zone, where buying pressure built steadily before the breakout.
A review of the daily XRP/USDT chart shows a clear breakout from a descending channel, followed by a retest and rebound from a major demand zone between $2.60 and $2.80 (green area). This area acted as a strong accumulation region during early September.
Price has now entered a crucial supply zone around $3.00–$3.20 (orange area). If bulls can maintain momentum above this level, the next major resistance lies near $3.70–$3.80 (red zone), which aligns with the previous swing high from August.
The upward move in XRP mirrors the broader market’s bullish tone, led by Bitcoin’s climb to new highs above $68,000. Historically, XRP tends to follow BTC’s momentum, often outperforming during periods of sustained crypto optimism.
BITX Market strategist Elena Park noted, “XRP’s rebound shows that capital rotation is returning to large-cap altcoins. The key trigger remains Bitcoin’s price stability above its recent breakout level.”
As long as volume supports the breakout and price remains above the $2.80–$3.00 support range, XRP could see a continuation rally toward $3.80–$4.00 in the coming weeks.
The breakout from the descending channel and renewed market confidence suggest XRP may be entering a new bullish phase — with $4 emerging as the next psychological target for traders.
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.