The XRP market is exhibiting signs of bullish momentum, with XRP/USD gaining approximately 0.78% over the last 24 hours. This upward move brings the digital asset closer to a crucial local resistance level at $3.58.
Technical analysis highlights a significant development: a decisive breakout above the $3.40 resistance point. This breach reinforces the potential for XRP to advance towards higher price targets, potentially reaching the $3.60 to $3.65 range, with a stretch goal near $3.80 if the momentum sustains.
The current technical outlook indicates accumulated buying pressure, lending support to the case for further appreciation in XRP’s value. Broader market conditions are also favoring bulls, suggesting the potential for XRP to challenge its previous all-time highs as market sentiment strengthens.
Investors monitoring this development are advised to track price movements through established market data platforms such as CoinMarketCap and TradingView for real-time analysis.