As the majority of assets in the cryptocurrency market begin to turn green, things are looking great for XRP, which has already smashed through the $3 resistance wall and is looking at more bullishness in the next couple of weeks, at least.
Specifically, the currently third-largest asset in the crypto industry by market capitalization has recently surpassed the long-watched $3 level that popular analyst Ali Martinez previously said was targeting after breaking out of a channel, as he himself noted in an X post on September 9.
What’s next for XRP?
Indeed, this move could signal a shift in momentum for the Ripple-affiliated token, as the breakout arrives after weeks of price consolidation between $2.70 and $2.90, where sellers repeatedly rejected upward attempts. Now, with the ceiling cracked, traders are turning their attention to what comes next.
According to Martinez’s previous analysis, the $3 was a key resistance zone that XRP needed to clear to regain bullish momentum. On the hourly chart, XRP steadily climbed from the $2.70 range, pushing past $2.90 and finally breaching $3 with strong volume, suggesting buyers are regaining control.
At press time, XRP was changing hands at the price of $3.02, suggesting an increase of 2.95% in the last 24 hours and an 8.3% gain across the previous seven days, as it moves to reverse the losses of 5.06% it accumulated on its monthly chart, per the latest price data.
Still, the breakout raises an important question – can XRP sustain its rally above $3? Technicals suggest the next resistance may form near $3.20, followed by a potential push toward $3.70 if momentum holds. On the downside, a failure to keep $3 as support could see XRP revisit the $2.90 zone.
What do you think?
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