XRP News Today: XRP Breaks Downtrend, Volume Surges 45.02M as Analysts Target $4.80-$7.13 with 44% Upside from $2.47 Support

XRP has maintained a critical support level at $2.47 following a significant breakout, with technical indicators and rising trading volume signaling a potential upward trajectory. The cryptocurrency’s price action suggests a structural reversal after years of consolidation, with analysts identifying key price targets near $4.80 and $7.13 as momentum indicators remain positive.

The recent breakout emerged from a multi-year downtrend, confirmed by a sustained hold above $2.47 and a rounded bottom pattern within a falling wedge structure dating back to 2018. Trading volume surged to 45.02 million during the rally, validating buyer participation and reinforcing the trend’s credibility. A long accumulation phase between $0.30 and $0.90 from 2021 to 2023 laid the groundwork for this reversal, with the breakout indicating a shift in market sentiment toward optimism [1].

Technical analysis highlights the RSI as a key bullish driver, remaining above the 50 threshold despite a short-term slowdown in the MACD. The RSI’s sustained position above 50 suggests continued upward momentum, while the MACD’s bearish crossover signals a potential consolidation phase before further gains. Traders are advised to monitor the $3.00–$4.00 range, which serves as a critical corridor for near-term price action.

Price levels and resistance zones play a pivotal role in shaping XRP’s immediate outlook. Following a rise from below $2.00 to $3.50 in mid- to late July, the price retreated to around $3.00 but has since stabilized near $3.29. Immediate resistance is clustered at $3.50 and the $3.75–$4.00 range, with $4.80 identified as a technical target representing a 44% gain from the $2.47 support level. A longer-term projection of $7.13 is based on historical pattern extensions and volume confirmation [1].

Support remains anchored at $3.00 and the $2.60–$2.80 range, which will be critical in determining whether the bullish trend persists. A breakdown below $3.00 could invalidate the current momentum setup, while a sustained advance above $3.75 would likely accelerate the trajectory toward $4.80. Analysts note that the $4.00 level could act as a psychological barrier, requiring strong volume to break through [1].

The interplay between RSI and MACD further complicates the near-term outlook. While the RSI remains bullish, its cooling from 74.95 to 65.54 suggests a temporary equilibrium phase. Conversely, the MACD’s bearish crossover indicates short-term uncertainty, potentially leading to a consolidation period. Traders are encouraged to use these indicators as dynamic tools to gauge momentum shifts, particularly as XRP approaches key resistance levels [1].

Long-term projections hinge on XRP’s ability to maintain dominance above $3.00. If successful, the cryptocurrency’s trajectory could align with the $4.80 and $7.13 targets, reflecting a broader recovery phase. However, market participants must remain cautious, as volatility and external macroeconomic factors could influence the pace of these movements.

The analysis underscores a strategic focus on volume and price-level dynamics, with the $2.47 support retest serving as a critical validation point. As XRP navigates its next phase, the interplay between technical indicators and institutional buying pressure will likely dictate the magnitude of its upward movement. Investors are advised to monitor key resistance zones and adjust positions accordingly, balancing optimism with risk management [1].

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