XRP Surpasses $3 Amid Bullish Signals and Exchange Activity, Suggesting Potential Breakout or Short-Term Pullback

Key Points

1. XRP's price surge above $3 is driven by strong bullish signals and psychological significance of the $3 mark for traders.

2. Increased exchange activity, including over 600 million XRP withdrawn in the last five days, hints at potential profit-taking or long-term holding intent.

3. Key support levels for XRP are $2.80 (critical for maintaining bullish momentum) and $2.96–$2.93 (potential retest zone).

4. If XRP closes above $3.185, next targets are $3.25 and $3.33, with a break above $3.45 potentially leading to a new all-time high.

5. Exchange balances dropped from 4.0 billion to 3.3 billion XRP (Feb-Apr 2025) but surged back to 4.4 billion as XRP moved past $3 in July, signaling profit-taking.