XRP News Today: XRP Surges 5% as Traders Target $3.60 After Bullish Breakout

XRP has retested a bullish breakout, sparking renewed interest among traders and analysts, many of whom are now eyeing a potential price target of $3.60. The cryptocurrency surged 5% in the past 24 hours, with its current price sitting at $3.28 [1]. This upward movement has been supported by strong on-chain metrics and favorable technical patterns, indicating continued bullish momentum [2].

A well-known crypto expert recently shared a bold forecast on X, asserting that XRP could reach $3.60 next, citing a flag-and-pole breakout pattern as the basis for the prediction. The statement gained significant traction, receiving 63,000 impressions within a short time [3]. On-chain analytics from Coinglass reveal that $32.68 million worth of XRP tokens have moved out of exchanges, suggesting accumulation by long-term holders and reinforcing the bullish narrative [4].

In terms of price action, XRP is currently encountering resistance around the $3.29 level. Technical analysts have noted that this level also corresponds to the neckline of an inverted head-and-shoulders pattern on the four-hour chart. A confirmed breakout above this level could result in a 12% price increase, potentially pushing XRP toward $3.67 [5]. The Supertrend indicator, currently green and below the price, further supports the ongoing uptrend [1].

Traders are also monitoring key liquidation levels at $3.16 and $3.31, where a significant amount of long and short positions are at risk of being liquidated. With $122.14 million in long positions and $54.40 million in short positions at these levels, further price movement could trigger large-scale liquidations, amplifying the potential for a continued rally [4].

Analysts on platforms like TradingView suggest that if XRP breaks above the $3.27 level, it could rapidly move toward $3.60, with further upside potential contingent on market conditions and investor sentiment [5]. Some have even speculated that if the $3.30 resistance is cleared and a four-hour candle closes above it, XRP may see another 12% increase [1].

Notably, XRP previously tested the $3.60 level earlier this year before retreating. However, consistent buying interest in that region has helped stabilize the price, raising the possibility of another upward move. Analyst CaptainAltcoin emphasized that the current price action reflects strong buyer participation and a renewed sense of confidence in XRP’s near-term outlook [4].

While some forecasts suggest a more aggressive target of $10, most analysts caution that such outcomes depend on various factors, including regulatory developments and broader macroeconomic conditions. For now, the $3.60 level remains a key focal point for traders and investors [5].

Source:

[1] AMBCrypto, Can XRP prices target $3.60 next after bullish retest? Assessing… (https://ambcrypto.com/can-xrp-prices-target-3-60-next-after-bullish-retest-assessing/)

[4] Binance, CaptainAltcoin's Profile (https://www.binance.com/en/square/profile/captainaltcoin)

[5] 0x资讯, Analysis of the reasons why XRP price breakthrough may ... (https://0xzx.com/en/2025081219515717302.html)