XRP News Today: XRP Breaks $2.40 Resistance Zone, Eyes $3 Target

XRP, the cryptocurrency associated with Ripple, has recently broken through a significant resistance zone, marking a potential shift in its price trajectory. The resistance zone, which included the point of control, the 0.618 Fibonacci retracement, and a major high time frame resistance at $2.40, has been decisively breached. This technical development suggests that XRP may be on the cusp of a new bullish expansion.

The recent price action of XRP has been notably bullish, with the cryptocurrency printing consecutive higher lows and pushing aggressively into the resistance zone around $2.40. This region was technically dense, encompassing several key support and resistance levels. The breakout from this zone was decisive, with the current candle closing above all of these levels, indicating a major structural shift to the upside.

From a price momentum perspective, this move is significant. Traders will now closely monitor for confirmation in the form of bull volume and follow-through price action. If XRP can remain above this broken resistance and hold the breakout level as support, the case for continuation strengthens. The next high time frame resistance zone lies at $3.00, which now becomes the immediate upside target. This level holds psychological significance, represents a prior macro resistance, and aligns with the Fibonacci extension from the recent impulse.

Should volume continue to rise and buyers maintain control, this target may be reached in the short to medium term. Until then, it’s important to monitor for retests of the breakout zone. A successful backtest of the $2.40 level would add further confidence to the bullish case and establish a new higher low, strengthening structural integrity for further upside.

According to the analyst's forecast, if XRP holds above $2.40 with sustained volume, a move toward $3 is the next high-probability outcome. A confirmed retest of the breakout zone would further validate the bullish momentum. Investors should watch the $2.40 to $2.50 resistance zone closely; a successful break and hold above this level could pave the way for a run toward the $3 target. The immediate technical target sits within the $2.20 to $2.30 range, and a breakout above this level would clear the path for XRP to reclaim the $3 mark.