XRP News Today: XRP Price Targets $3 as Bullish Signals Mount

XRP price needs to break above the $2.20-$2.30 range and the 200-day simple moving average (SMA) at $2.36 to clear a path to $3. The 50-day SMA is at $2.22, and the 100-day SMA is at $2.20. After that, bulls are required to overcome the resistance at $2.36, the 200-day SMA, to target higher highs above $3.

Historically, flipping the 200-day SMA into support has always preceded a massive rally in XRP price. For example, the last time the XRP/USD pair crossed above the 200-day SMA in November 2024 was followed by a 430% rally in price to a multiyear high of $2.90 reached on Dec. 3, 2024.

Crypto analyst CasiTrades noted that multiple higher lows, followed by a reclaimation of the $2.25 support were “classic bullish continuation signals.” CasiTrades said this level was where the apex of the multimonth trendline and the 50-day and $100-day SMAs appeared to converge. “We’re now sitting just below $2.30, our local resistance. Once this level breaks, the next likely targets are $2.69 and $3.04.”

Pseudonymous analyst Dom observed that the price was trading above a key “breakout zone,” above $2.25, the convergence of all major VWAPs, or Volume Weighted Average Prices, and the 160-day downtrend line. “This is the exact momentum bulls need to aggressively show up and it can send to $2.40s.”

XRP is also showing bullish signs against Bitcoin (BTC). On Sunday, the XRP/BTC pair broke above a multimonth descending trendline at 0.00002065. This line has acted as resistance for the pair since March. A retest of the trendline will confirm the end of the downward trend, clearing the path for the XRP/BTC pair to break out higher.

XRP’s upside is supported by a growing bullish divergence between its XRP/BTC pair and the relative strength index (RSI). The chart shows that the XRP/BTC pair dropped between May and July, forming lower lows, while the daily RSI ascended to 55 from 28, forming higher lows. A divergence between falling prices and a rising RSI usually indicates weakness in the prevailing downtrend, prompting traders to buy more on the dips as investor interest increases and seller exhaustion sets in.

Market analysts expect continued outperformance of XRP against BTC, with Mikybull Crypto saying that the pair needed to overcome the resistance at 0.000022 to confirm the upside. “Break this trendline resistance and XRP will rally strong.”

An XRP/BTC breakout from a symmetrical triangle could lead to 70% gains, which would also probably send the XRP price above $3.