Analyst Says XRP Bulls Are Stepping In After Beating This Hurdle

Key Points

1. XRP broke through the $3.14 resistance level, reaching a high of $3.17, which boosted bullish market confidence.

2. Technical analysis shows support at $3.05, with long lower wicks indicating buyer favor, provided XRP stays above $3.14.

3. The next target for XRP is between $3.30 and $3.35, contingent on maintaining the $3.14 level and increased trading volume.

4. Failure to hold $3.14 could lead to a retracement toward $3.05 or the psychological $3.00 level.

5. Ripple’s ecosystem growth, including the RLUSD stablecoin’s $3 billion monthly volume, supports XRP’s long-term tokenomics and utility.