- XRP holds above $2.82 support with a 3.4% daily gain, as technical indicators point to increasing short-term momentum.
- $3.65 is identified as a mid-cycle resistance level, based on historical cycle patterns highlighted by Egrag Crypto.
- Bullish macro structure remains intact, with breakout targets ranging from $12 to $23 if XRP clears $3.65 with volume confirmation.
Investors are increasingly positioning into XRP amid growing expectations that the Federal Reserve may cut interest rates later this month—or at least signal further cuts for the remainder of the year. As broader market sentiment improves, XRP continues to gain traction despite its high-risk valuation.
Currently trading at $2.86 following a 3.4% gain over the past 24 hours, XRP is supported by rising momentum indicators and elevated trading activity. The asset remains above key short-term support at $2.82, while immediate resistance is now centered around the $3.02 level. Notably, recent chart patterns and historical cycle data point to the formation of a larger bullish structure, with $3.65 identified as a critical mid-cycle resistance zone.
Market analysts continue monitoring XRP’s behavior around key moving averages and Fibonacci zones. Data from one macro chart—shared by analyst Egrag Crypto highlights consistent cycle formations since 2013. These formations include distinct cycle tops, mid-cycle zones, and follow-through patterns. In the current setup, XRP recently broke out from a long-standing bullish pennant after bouncing from the 9-period simple moving average (SMA) on the monthly timeframe.
XRP Targets $3.65 Mid-Cycle Top Amid Bullish Breakout Hopes
According to the analyst, $3.65 represents the mid-cycle top within the macro structure XRP has followed since previous cycles. This level aligns with the upper green ribbon on the same chart and acts as a pivotal resistance area. Closing above this line with confirmation may validate the next leg higher.
In this scenario, measured projections vary. The full pole of the bullish pennant indicates a maximum upside of $23, while conservative targets range between $12 and $16. XRP has previously respected these ribbon-based zones, with the last confirmed mid-cycle top traced back to 2021.
The price must first break and hold above $3.02 to confirm momentum toward $3.65. Until then, technical traders continue to track RSI-MACD dynamics, cycle ribbon interactions, and monthly chart structures.
Technical Indicators Confirm Short-Term Momentum Shift
The RSI stands at 46.12 and the MACD histogram has slightly positive movement to 25.45 million signaling a possible change in short term market sentiment. Meanwhile, the RSI of the XRP is still in the neutral field indicating potential room towards an uptrend without triggering an overbought reading.
At the same time, the MACD line remains higher than its signal with the recent price action exhibiting continuous accumulation at the support level of around 2.82. This technical position is consistent with the bullish pennant setup breakout noted above and indicates a potential long side price trend should the volume hold.XRP holds bullish momentum above key support, with $3.65 acting as a critical mid-cycle target. Sustained breakout and volume could unlock higher projections, reinforcing long-term bullish market structure.
