XRP has demonstrated notable short-term bullish strength by recording twelve consecutive green hourly candles, signaling robust upward momentum. Traders are closely monitoring critical resistance levels at the hourly SMA 200 near $3.17 and the $3.66 threshold. A decisive break above $3.66 could potentially propel prices toward the $4 target.
On the support front, $3 serves as immediate protection against downward pressure, with $2.96 acting as a secondary buffer. Failure to hold the $3 level might trigger a retest of $2.96 and possibly extend to $2.65. The Relative Strength Index holding above 50 indicates sustained bullish control, favoring buyers in current market conditions.
Broader macroeconomic factors, particularly Federal Reserve monetary policies, continue to influence XRP’s ongoing price consolidation and recovery trajectory. These external variables remain crucial in determining whether the current technical breakout can translate into sustained price appreciation.