XRP News Today: XRP Surges 26.1% in Week, Breaks $3 Resistance

XRP, the cryptocurrency associated with Ripple, has recently made a significant move, flipping into the top three rankings by market capitalization. This surge is fueled by a classic breakout from a descending triangle pattern, which has been consolidating since the second week of January. The token is now trading just shy of the $3 mark, a strong psychological resistance level. If XRP can sustain its momentum, the next target is $3.3991, the previous all-time high. Beyond that, it could climb to $4.2607, as projected by technical analysis.

According to market analyst ATOM B, “XRP has just completed a classic inverse head and shoulders pattern on the daily chart — a strong bullish reversal signal. After forming a well-defined Left Shoulder, Head, and Right Shoulder, the price has broken decisively above the neckline resistance zone around $2.60.” This breakout is being fueled by strong bullish momentum and volume, signaling a likely trend continuation after weeks of accumulation and price compression. ATOM B added that a breakout above the psychological resistance of $3 could propel XRP toward $3.40 and beyond, matching the measured move from the pattern’s base to neckline. This pattern reflects a shift in market sentiment from bearish to bullish, and as long as XRP holds above the breakout zone, dips could be seen as buying opportunities. Therefore, a potential retest of the $2.60–$2.65 neckline zone should be given a keen eye because it could confirm the breakout and present a strong entry opportunity.

At the time of this writing, XRP was trading at $2.86, representing a 26.1% increase in the past week. The 3rd-largest cryptocurrency by market cap continues to witness bullish momentum after recently surging to a 7-week high backed by rising on-chain activity, institutional use cases, and anticipation of regulatory and technical advancements. The psychological level of $3 grabs attention not just for its symbolic value, but for its real-world implications. According to crypto analyst MoonBitz, “XRP might be gearing up for its biggest move in a while. Analysts are watching that $3 level closely; if we close above it on the weekly, $6 is the next big target, and with ETF chatter and big Korean volume… this ain’t noise.” Based on this analysis, the $3 price zone will act as the linchpin for greater heights with $6 being in the picture.

Psychological price levels like $3 often act as magnets and repel forces in markets. According to analysts, XRP recently broke out of its $2.08–$2.59 range with strong volume, suggesting rising momentum toward $3.00. Holding above $3 would mark a decisive sentiment shift, triggering bullish technical setups and potentially clearing the path to its all-time high of $3.40. Chartists highlight that XRP is completing bullish formations: a “highly rare continuation compound fulcrum” pointing to a possible 60 % rally toward $4.47, and indicators like MACD and RSI flashing bullish signals. Additionally, triangle and wedge breakouts reinforce the likelihood of a rally past $3.

Institutional accumulation is unmistakable: whale wallets holding more than 1 million XRP hit a record 2,743 addresses controlling over 47 billion XRP. Many of those coins are exiting exchanges, signaling long-term hold intentions. Beyond XRP itself, Bitcoin’s rally above $120K boosts altcoin interest. When BTC shines, altcoins like XRP often gain attention, creating a feedback loop. XRP hitting $3 then becomes not just a milestone, but a signal of broader altcoin cycle strength. XRP breaking and holding above $3 wouldn’t just mark a price level reached, it would symbolize a shift in sentiment, conviction, and dynamism. Technicals, accumulation, legal clarity, and macro momentum are converging now. For investors, traders, and Ripple’s ecosystem, $3 is a gauge of whether XRP is truly ready for its next breakout.

The recent surge in XRP's price is not just a result of market momentum but also due to several fundamental factors. XRP Ledger's built-in compliance features make it appealing to financial institutions looking to tokenize real-world assets. The network is also actively working on integrating smart contract functionality, including an Ethereum-compatible sidechain, which could significantly expand its utility and developer adoption. According to analysts, XRP is uniquely positioned to benefit from the increasing regulatory clarity around stablecoins. Investors are increasingly targeting utility-driven altcoins like XRP, which could become the next crypto to explode. The recent surge in XRP's price is a strong signal of this shift in investor sentiment. The token's recent performance has been driven by a combination of technical factors and fundamental developments, making it a compelling investment opportunity for those looking to capitalize on the growing momentum in the crypto market.