XRP News Today: XRP Surges 100% Above Key Resistance Zone

XRP has recently experienced a significant breakout, confirming upward momentum in the market. This breakout is characterized by a decisive move above a key resistance zone, indicating a shift in market dynamics and paving the way for a potential continuation of the bullish trend. The rally has been accompanied by recent volume spikes, which highlight strong buying interest. Additionally, the Relative Strength Index (RSI) has lifted off neutrality, and the price has cleared the 50-day moving average, both of which are classic signs of renewed upward momentum.

Analysts have identified two primary resistance levels ahead for XRP: $4.80 and $8.00. The $4.80 level aligns with the 1.618 Fibonacci extension and has historically acted as a turning point after past rallies. If XRP maintains its strength beyond $4.80, it could aim for $8.00, which is marked by the 2.618 Fibonacci extension and is significant from a psychological standpoint. A successful close above $4.80 on daily timeframes could pave the way to test the $8.00 zone.

Investors should closely monitor several factors to gauge the sustainability of this breakout. Volume confirmation is crucial, as sustainable moves require robust trading volume. A drop in volume could lead to consolidation or a false breakout. Additionally, if XRP retraces, the $3.20–$3.50 range is identified as an ideal re-entry or long addition zone. Overall market sentiment, particularly the direction of Bitcoin and Ethereum, heavily influences XRP. A broader crypto market uptick would strengthen XRP’s breakout case.