XRP News Today: XRP Near $3.00 as Bullish Signs Emerge Amid Key Resistance Test

XRP is currently consolidating in a tight trading range just below a crucial resistance level of $2.96, raising expectations of a potential breakout. As of report time, the token is trading near $3.01 after briefly re-entering the psychologically significant $3.00 zone earlier in the day [1]. Analysts have noted that this level, identified as the 0.382 Fibonacci retracement, has acted as a firm ceiling for over 20 hours, repeatedly preventing upward movement [1].

The price action is currently confined between $2.915 and $2.96. The lower boundary at $2.915 corresponds to the 0.5 Fibonacci retracement level from XRP’s recent low of $2.72. According to CasiTrades, this support has shown resilience, with buyers consistently stepping in to defend it [1]. Short-term Relative Strength Index (RSI) indicators are also displaying bullish divergence, suggesting that despite a minor lower low, selling pressure is waning and a new downtrend is not yet forming [1].

A confirmed breakout above $2.96 would be a strong technical signal that bullish momentum is regaining control. Should this level be reclaimed and retested as support, the focus will shift to higher targets at $3.21 and $3.41. These levels represent historical resistance and Fibonacci extension areas from previous price movements. A clean break above these thresholds could open the door to medium-term price goals at $3.65 and $4.40, particularly if broader market sentiment and institutional interest continue to improve [1].

The recent price action is also supported by whale accumulation and reduced exchange inflows, signaling long-term confidence from major holders. Over the past month, XRP has seen a near 35% gain, buoyed by increased legal clarity for Ripple and growing speculation about institutional adoption. This has been further reinforced by SBI Japan’s recent filing for an ETF that includes XRP exposure [1].

However, the market is at a decision point. A failure to reclaim $2.96 could result in more range-bound trading, and a breakdown below $2.915 could expose the token to further retracement toward $2.80 and $2.65. These levels are aligned with key volume-weighted average price (VWAP) and longer-term trend support, making them critical to maintaining XRP’s broader bullish structure [1].

CasiTrades has emphasized that all signs point to a potential breakout if the $2.96 level can be reclaimed and held. With bullish RSI divergence, structural integrity, and growing institutional interest, XRP’s next move could determine the direction of its next major price leg. The key will be whether bulls can flip resistance into support and trigger a rally toward the next critical levels at $3.21 and $3.41 [1].

Source: [1] XRP Approaching Breakout. Here’s What to Watch For (https://coinmarketcap.com/community/articles/6893c49c8c46c77d2c1316da/)