XRP is currently trading around $3.04, after bouncing sharply from support near $2.70 earlier this month. Forecasts suggest that the altcoin could continue to head towards $3.40 if the bullish momentum continues.
Trading activity increased as the Token approached a key resistance zone, sparking speculation about whether the rally could continue.
XRP Stabilizes After Strong Recovery
XRP has recovered from the correction to near $2.70, where buying pressure has returned. According to analysts, this is one of the strongest bounces in recent weeks.
The move pushed XRP price above the psychological $3.10 level, attracting a lot of attention from investors.
Market analyst Mirsad has launched a bounty program of 10,000 XRP, worth around $31,000 at press time.
While the program itself does not affect liquidation, it reflects the community interest surrounding this breakout.
The daily chart shows that XRP has rebounded strongly from the $2.70 area, where demand was evident in the previous trading sessions. The renewed buying pressure has allowed the bulls to regain the initiative after the correction period.
XRP Price Prediction: Technical Signals Support Uptrend
Several technical indicators show that market conditions are improving. Analysts have noticed that the Token 's short-term moving Medium has started to trend up, a signal that usually signals that the bullish momentum will continue.
A potential crossover between the moving Medium would further strengthen the bullish bias. The nearest resistance zone lies between $3.35 and $3.40.
This range has halted previous rallies and remains a key test for buyers. A break above this zone could shift attention to $3.60, which analysts have described as the next target.
The volume in the last 24 hours has exceeded 111 million XRP, reinforcing the belief that the current buying pressure is real and not a manipulation. The relative strength index (RSI) also shows that the market is still balanced, not yet in overbought territory, opening up room for further gains.
Supporting factors from the market
Several external factors also contributed to XRP’s recovery. Analysts noted that the bullish sentiment surrounding Ripple’s long-running lawsuit in the United States has returned.
The overall market also saw Capital flow from BTC to large Capital altcoins. This change has fueled interest in XRP.
In addition, community activity is also picking up. While speculative promotions like giveaways don’t change the fundamentals, they do signal investor participation during the bull run.
Short-term outlook
Analysts say XRP needs to hold above $3.10 to maintain its current bullish momentum. Failure to maintain this level could see the price retest the $2.90 level.
Conversely, a break above the resistance between $3.35 and $3.40 would pave the way for XRP towards $3.60.
Currently, technical and fundamental factors are tilted in favor of the bulls. Increasing volume , positive moving Medium , and altcoin Capital have created a supportive environment. The important question is whether XRP has enough strength to break the resistance barrier in the coming trading sessions.
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