XRP has decisively broken through the $3.30 resistance level, signaling strong bullish momentum with analysts projecting potential near-term targets near $4.30. The upswing follows Ripple’s landmark settlement with the SEC, which provided regulatory clarity and restored institutional confidence in the digital asset.
Technical charts indicate immediate resistance lies between $3.35-$3.40, with sustained consolidation above $3.30 reinforcing the uptrend. Market observers note that should XRP maintain crucial support around $2.90 – which has proven resilient during multiple retests – a potential long-term trajectory toward $7 remains plausible, representing a 156% upside.
While technical indicators present mixed signals with the Relative Strength Index at a neutral 51, bullish crossover patterns appearing in the Moving Average Convergence Divergence (MACD) supplement the positive price action. The settlement resolution continues to catalyze institutional adoption, strengthening XRP’s fundamental positioning in the cryptocurrency ecosystem.