XRP News Today: XRP Surges 70% in Three Weeks, Breaking Key Resistance Levels

XRP has experienced a remarkable surge, gaining over 70% in less than three weeks. This significant price increase has allowed the token to break through critical resistance levels, entering a phase of parabolic growth with potential targets exceeding $8.00. The bullish momentum is supported by expanding Exponential Moving Average (EMA) ribbons and increased trading volume, although short-term indicators suggest potential overbought conditions.

Meta Warior’s analysis indicates that XRP’s breakout from the Base 2 resistance level signals a transition into a historically aggressive upward cycle. This phase is characterized by rapid, vertical price appreciation, similar to the rally observed in 2021. The surge from approximately $2.00 to $3.45 in such a short period highlights renewed investor confidence and market interest. The parabolic model, supported by Meta Warior’s charting, suggests that XRP is entering the steepest segment of its growth curve, which often precedes a phase of accelerated price gains and heightened volatility. Long-term projections based on log regression bands place XRP’s next major target near $8.00, with potential extensions to $40 or even $100 if the pattern sustains.

Technical analysis reveals that XRP’s EMA ribbons have turned sharply upward and expanded, a classic sign of strong bullish momentum. The increased trading volume further validates the strength of this rally, reflecting heightened market participation. However, short-term indicators caution that XRP is currently trading near the upper Bollinger Band at around $3.61, a level that frequently acts as resistance and may signal overbought conditions. The MVRV Z Score, a metric measuring market valuation relative to realized value, stands at 31.65—significantly above the historical red zone threshold of 7.0. Previous peaks in this metric coincided with short-term price tops, suggesting a potential cooling-off period or pullback could occur if buying pressure diminishes.

Volume remains robust at 60.33 million, underscoring active market engagement during this rally. The breakout above the $2.70–$2.90 support zone is pivotal; maintaining this level is essential to uphold the parabolic trend. A failure to hold this support could lead to a re-accumulation phase or invalidate the current bullish structure. On the upside, the $3.60 resistance level represents the next hurdle. Surpassing this point could open the path toward the psychologically significant $4.00 mark, potentially accelerating the rally. Conversely, inability to break through may trigger a short-term correction, allowing the market to consolidate before any further upward movement.

Overall, XRP’s price dynamics reflect a high-velocity growth environment supported by strong technical factors and volume. While short-term risks exist due to overbought signals, the broader structural setup points to historic upside potential if momentum persists. Investors should remain vigilant of short-term overbought conditions but recognize the broader structural alignment favoring continued growth. Monitoring volume and technical indicators will be critical in assessing the sustainability of this rally.