XRP News Today: XRP Surges 24% Breaking Multi-Month Range Testing $2.60 Resistance

XRP has recently broken out of a multi-month price range, moving from $2.08 to $2.59, with increasing volume. This breakout has led to a test of the $2.60 resistance level, with analysts predicting a potential rally to $3.00 and beyond. The Relative Strength Index (RSI) remains strong but not overbought, indicating that the momentum is still healthy. Some analysts have even targeted $9.63 if the breakout holds and mirrors past bull cycles.

XRP is currently testing a major resistance at $2.60 after breaking out of a long-standing price range. This recent surge has reignited bullish expectations across the crypto market, with analysts closely watching whether XRP can build enough strength to push toward $3.00. Market participants are eyeing a sustained move that could eventually challenge all-time highs. However, the next few trading sessions could determine the strength behind this upward momentum.

XRP recently broke above a price range that had held since earlier consolidation phases. Chart analysis shows the range between $2.08 and $2.59, with XRP now pushing just above the upper boundary. This breakout suggests a bullish setup, backed by increasing volume and a series of higher lows. The move to $2.60 has brought XRP face-to-face with a level that has previously acted as strong resistance. If buyers manage to flip this level into support, analysts believe the next target lies near the $3.00 mark. Beyond that, historical data points to the potential for a retest of XRP’s all-time high.

According to the accompanying charts, XRP has also broken through a long-term descending trendline. This move has shifted market sentiment and technical outlooks. With volume surging alongside price, many traders now see a possible shift in the broader trend. Momentum indicators support this view, with RSI readings indicating sustained strength but not yet overheated conditions. As long as volume remains strong, XRP could maintain its upward path toward the $3.00 target. Experts are looking for price consolidation above $2.60 to confirm trend continuation.

While short-term focus remains on $3.00, some believe XRP could climb further if it sustains its current pace. Crypto analyst noted that historical patterns suggest a potential move to $9.63 or higher. This would represent a gain of over 250% from current levels, though such projections depend on continued breakout confirmation. He referenced previous bullish cycles where XRP followed similar breakout structures before accelerating to major gains. This analysis adds to growing optimism within the XRP trading community, though many await further confirmation before making longer-term calls.

The momentum reflects growing interest, likely fueled by the breakout and increasing institutional interest across crypto markets. XRP’s next move hinges on its ability to stay above the $2.60 level.