The RSI rose to almost 85, flagging potential excess conditions. The volume, driven by retailer participation, rose sharply. The technical breakout from the upward triangle remains intact.
XRP rose to $3.45 after months of modest price action and held a strong rally.
Ripples-related tokens, which had been under $2.20 for a long period, are now breaking major resistance levels with strong momentum.
Recent price action has attracted market attention as technical indicators, surge in volumes and bullish structures continue to support them even more upside down.
XRP rally led by price breakouts above major resistance levels
After XRP broke out from a textbook up the triangle pattern earlier this month, a sharp movement occurred, clearing a major point of resistance in most pushbacks.
After the token exceeded $3.20, the rally accelerated and continued its upward trajectory to the current 3.45 level. This breakout confirms a significant change in the market structure.
Technically, XRP’s moving averages remain uniform in bullish formations, with exponential moving averages stacking in favor of continuous upsides.
This alignment serves as a support base for the token and can cushion a short-term pullback if sentiment is still strong.
However, the pace of recent gatherings has increased the possibility of increasing volatility.
RSI climbs to almost 85
Price action remains positive, but the relative strength index (RSI) reaches nearly 85, indicating the area that was acquired.
Traditionally, such levels suggest that assets can overheat, but this alone does not mean an immediate reversal.
Bulling stage assets can be over-acquired over time, especially during momentum-driven executions.
XRP appears to follow that pattern, with price intensity being supported by growing interest and speculative activity.
Nevertheless, traders may remain cautious as indicators begin to flash early warnings of potential fatigue.
Transaction volumes will skyrocket as a surge in retail profits
XRP’s recent profits are accompanied by a marked increase in trading volume, suggesting participation in a wide range of markets.
The rally isn’t driven solely by large holders as retailers step in with new enthusiasm.
This broader engagement adds weight to the price action, distinguishing it from previous, sustainable low breakouts.
The current momentum appears to be supported by fear of missing out, but it requires continuous influx and market trust to maintain it.
XRP Eyes will be $3.60 for the next upside target
With the token currently trading at $3.45, market participants are looking at the $3.60 mark as the next key level.
This coincides with Fibonacci’s expansion level and round number resistance.
If the volume and emotions remain strong, XRP can continue to push upwards towards this zone.
The technical setup remains constructive, with the breakout pattern still intact, and the moving average serves as a support.
However, a rapid rise means that XRP remains vulnerable to sudden changes in emotions or broader market pullbacks.
A retracement may occur if a trader begins booking profits at the current level.
