XRP News Today: XRP Surges 6.67% as Bulls Regain Control Above $3.00 Support

XRP has demonstrated renewed bullish momentum, surging 6.67% in the last 24 hours and breaking the $3.0312 resistance level on the hourly chart. This breakout has ignited optimism among traders, who are closely watching for signs of sustained upward movement [1]. The price action signals a shift in market sentiment, with bulls regaining control at the start of the week [1].

Following the breakout, XRP is expected to trade in a sideways range between $3.00 and $3.15 as buyers consolidate their positions. This consolidation phase is critical for bulls to build momentum before the next potential move. Traders are advised to monitor daily candlesticks for confirmation—if the candle closes without a long wick, it could signal a continuation of the upward trend toward the $3.10 level [1].

Looking further ahead, a weekly close above $3.00 would be a key trigger for more substantial gains. Analysts suggest that such a move could open the door for XRP to rise toward $3.20, indicating midterm bullish potential [1]. The $3.00 level is considered a crucial support area, and maintaining a close above this threshold is essential for further upside.

Traders are also advised to watch the $3.15 resistance zone, as a successful test of this level could validate the continuation of the bullish trend. Failure to hold above $3.00 could lead to a period of consolidation or minor pullbacks [1]. The current price structure suggests that the market is in a phase of testing and retesting key levels before a more definitive breakout.

The recent price action highlights the importance of strategic positioning for both short-term and midterm traders. As XRP trades within the $3.00–$3.15 range, accumulation is likely underway, with market participants preparing for potential volatility. The next few trading sessions could be decisive in determining whether the bullish momentum will translate into a broader upward trend [1].

The market is closely observing how the price reacts to these key levels. If bulls maintain control and the weekly close stays above $3.00, XRP could continue its upward trajectory. On the other hand, any significant retest of support could provide entry opportunities for long-term investors [1].

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Source: [1] [XRP Shows Potential for Continued Upward Movement Amid Early Week Bullish Momentum](https://en.coinotag.com/xrp-shows-potential-for-continued-upward-movement-amid-early-week-bullish-momentum/)