XRP News Today: XRP Near $3.47 As Analysts Highlight Key Resistance to $7–$9 Breakout

XRP has drawn renewed attention as analysts highlight a pivotal price level that could determine its trajectory in the coming months. Following a robust 2025 rebound and a recent flash crash that pushed its value to $3.20, the cryptocurrency is currently consolidating beneath a critical resistance trendline identified by technical analysts. Chart analyst XRPunkie, referencing a pre-crash chart, notes that XRP is trading near $3.47, just below a diagonal resistance line that has historically constrained upward momentum since 2017. This trendline, previously a barrier during the 2017–2018 bull run, remains a key level of contention [1]. The analyst emphasizes the psychological weight of the $3.50 threshold, which has repeatedly stalled XRP’s rally in past cycles. Despite multiple attempts to breach this level, the price has yet to close above it decisively, indicating persistent selling pressure. If bulls succeed in breaking through this resistance, XRP could target the $7–$9 range, according to XRPunkie’s analysis. The $7–$9 zone aligns with Fibonacci extension levels at approximately $9.11 (1.272) and $15.04 (1.414), which technical analysts often use to anticipate price projections after a breakout [1]. The potential for a sustained rally hinges on overcoming the current resistance. Historical price patterns suggest that successful breakouts from similar formations have triggered rapid, vertical movements in prior cycles. On-chain data further supports a bullish outlook, with metrics such as rising active wallet counts, transaction volumes, and developer activity signaling strengthening fundamentals. These indicators imply that any price appreciation post-breakout could be more than a short-term surge [1]. Broader market dynamics also tilt in XRP’s favor. Bitcoin’s sustained strength above $117,000 and growing institutional interest in cryptocurrencies provide a favorable backdrop. Additionally, Ripple’s ecosystem expansion—particularly the launch of RLUSD, a stablecoin aimed at enhancing real-world utility for the XRP Ledger—adds another layer of support [1]. The analysis underscores a cautious optimism, though risks remain. Until XRP closes decisively above $3.50, the focus will stay on its ability to flip resistance into support. For now, the $3.20–$3.50 range remains a critical battleground, with outcomes likely to shape near-term sentiment [1].

Source: [1] [title: Analyst: Next Is $7 Once XRP Clears This Rigid Hurdle] [url: https://timestabloid.com/analyst-next-is-7-once-xrp-clears-this-rigid-hurdle/]