XRP is showing a strong bullish trend as it approaches an important psychological level of $3. Let’s explore what’s driving this movement and the predictions analysts are making.
Market Analysis of XRP
According to market analyst ATOM B, XRP has completed a classic inverse head and shoulders pattern on the daily chart—a strong bullish reversal signal. After forming a well-defined left shoulder, head, and right shoulder, the price has decisively broken above the neckline resistance zone around $2.60.
This breakout is supported by strong bullish momentum and trading volume, indicating a likely trend continuation following weeks of price accumulation and compression.
Psychological Level of $3
The psychological level of $3 grabs attention not just for its symbolic value, but for its real-world implications. Analyst MoonBitz notes, 'XRP might be gearing up for its biggest move in a while. If we close above $3 on the weekly, $6 is the next big target.'
Based on this analysis, the $3 price zone will act as a linchpin for greater heights, with $6 in sight.
Technical and Market Factors
XRP recently broke out of its $2.08–$2.59 range with strong volume, suggesting rising momentum toward $3. Holding above $3 would mark a decisive sentiment shift, triggering bullish technical setups. Analysts also highlight that XRP is completing bullish formations that could indicate a potential 60% rally towards $4.47.
Additionally, increased institutional accumulation, with the number of wallets holding over 1 million XRP, is providing confidence in the market.
Breaking and holding above $3 would not only mark a milestone but also symbolize a shift in market sentiment and dynamics. Technical factors, accumulation, legal clarity, and macro momentum are aligning, paving the way for XRP's next growth phase.
