XRP news today: XRP Reclaims Key Support Levels, Eyes 100% Gain to $3.00

Ripple's XRP has recently demonstrated significant technical strength by reclaiming key support levels, sparking speculation about a potential rally toward the $3.00 mark. The cryptocurrency tested a critical support zone where multiple technical indicators converged, including the 200-day moving average and the 0.618 Fibonacci retracement level. This convergence of support factors suggests that the recent pullback could present a low-risk entry point for bullish investors aiming for higher price levels, provided the support holds.

XRP dipped to the lower boundary of its long-term trading channel, finding buyers at a level marked by the 0.618 Fibonacci retracement of its prior swing. Simultaneously, the price reclaimed the 200-day moving average and held above it, indicating strong demand. This alignment of support factors is crucial for bulls, as it suggests that the recent pullback could be a temporary correction rather than a reversal of the broader uptrend.

The technical points that support this bullish outlook include the channel low and 0.618 Fib support, where XRP tapped the rising channel floor drawn from multi-month lows, coinciding with the 0.618 retracement of the last major impulse. Additionally, the price reclaimed both the 200-day moving average and the monthly Value Area Low, confirming strong demand. A higher low above these supports, followed by a higher high above the prior swing, signals a renewed uptrend on the higher timeframe.

When XRP returned to its channel floor, it coincided perfectly with a 0.618 Fibonacci retracement from the previous major rally. This dual alignment created pronounced buying interest, as longer-term holders viewed the dip as a value-buying opportunity. The presence of above-average volume on the rebound further confirmed that demand was genuine and not merely a short-lived scalp. Holding above the 200-day moving average added another layer of confidence for trend-followers, as this average often acts as a barometer of long-term momentum. XRP’s ability to close multiple days above it highlighted that bulls were still in control of the broader uptrend. Defending this level was critical to maintaining bullish conviction and preventing deeper retracements into lower support zones.

Finally, once the price moved back above its recent swing high, it completed a clear higher-high, higher-low sequence, textbook confirmation of an uptrend. Momentum indicators also began turning upward again, suggesting that buyers were ready to push the price toward the next major hurdles. As long as XRP stays above that recent higher low and the 200-day MA, the setup remains valid for a continuation toward the Point of Control near $2.80 and, ultimately, the $3.00 range-top target.

If this support cluster continues to hold, XRP’s next logical target is the mid-range region around $2.80, where the Point of Control resides and offers an interim supply zone. A decisive break above that level could then propel the token toward the $3.00 area, which aligns with the upper boundary of the long-term channel and a previous order block. Traders should watch the volume on any retest of the channel floor: higher volume on bounces reinforces the bullish case, while selling pressure could signal weakness.

Conversely, a sustained close below the 200-day MA and channel support would invalidate this thesis, likely leading to a deeper retracement and the need to reassess the trend.