- XRP eyes $2.8 after key support at $1.8890, breakout could push price toward $3.3, says analyst.
- Clearing $2.60 resistance suggests a bull flag breakout; targets at $2.67, $2.77, and $2.93, per analyst Ali.
- Strong VWAP support at $2.18 and bullish MACD crossover confirm XRP momentum, targets at $3 psychological level.
Optimism around XRP’s upward potential is up as analysts predict a breakout past $3. The ongoing price movements, fueled by Ripple USD (RLUSD) launch, have brought XRP into focus. At press time, XRP was trading at $2.57, a 7.25% increase in the past one day. Analysts Rose and Ali suggest XRP could go up above $3.
Key Support Levels Before a Potential Rebound
Analyst Rose notes a corrective downtrend within a descending channel. She sees potential support at $1.8890 and $1.6 before XRP resumes its upward move. These levels align with Fibonacci retracement points, where buyers often re-enter. Specifically, the 0.618 Fibonacci level at $1.8890 is notable, followed by the 0.786 retracement at $1.6.
The analyst suggests that if XRP dips to these levels and rebounds, it could target $2.8 first, followed by a more extended move toward $3.3450. Rose advises risk management strategies, including a stop-loss below $1.5, in case downward pressure persists. This aligns with broader market trends where consolidation often precedes strong price movements.
Breakout Patterns and Immediate Resistance Zones
Ali identifies XRP consolidating within a bull flag formation. Ali suggests that clearing the $2.60 resistance level could lead to a strong rally. He projects a breakout to higher Fibonacci extension levels, starting at $2.67 and $2.77. If momentum persists, the price could reach $2.93, corresponding to the 1.618 Fibonacci extension.
A decisive move above $2.60, a psychological level, could validate bullish momentum and confirm further upside. However, in the event of rejection, XRP may retrace toward the $2.24 and $2.34 support range, where buyers are likely to step in again.
Momentum Indicators Suggest Bullish Continuation
On the 3-hour timeframe, XRP shows strong bullish momentum, supported by the Volume Weighted Average Price (VWAP) and MACD indicators. The VWAP midline at $2.18 has acted as support, showing sustained buying interest during consolidation phases. XRP remains above this level, strengthening its bullish prediction.
The MACD indicator shows a bullish crossover, with the blue line crossing above the orange signal line. Green histogram bars indicate growing buying pressure. XRP must break the $2.60–2.65 resistance range decisively for a potential move toward $3. Psychological resistance at $3.00 remains a key hurdle, with further upside targets at $3.20 and $3.40 if volume increases significantly.
