XRP Price Eyes $3 as Momentum Builds: Will the Breakout Happen?

XRP is once again drawing investor attention as its recent price surge revives hopes of a return to the $3 mark. Although still facing significant resistance, the asset has shown signs of recovery, sparking debate about whether this rally can be sustained.

Currently, XRP is holding a solid base near $2.20, which has acted as a strong support zone against further declines. The asset recently approached the upper trendline of a descending channel—an area that remains a key resistance level. A breakout above this trendline could significantly boost the chances of XRP surging toward the $3 psychological barrier.

However, failure to break through may result in a pullback, keeping the asset range-bound in the short term. Adding to the technical hurdles, the 200-day EMA is hovering just above the current price and serving as an additional resistance. A decisive close above this moving average would be a powerful bullish signal and could attract more buyers.

Market sentiment toward Ripple has improved following recent positive developments in its legal battle with the SEC, which has helped lift XRP’s price. Continued favorable news could further strengthen investor confidence and fuel upward momentum.

The broader crypto market trend also plays a crucial role. If Bitcoin continues its bullish breakout and Ethereum holds above key levels, increased capital inflows across the market could help push XRP higher.

While challenges remain, the possibility of XRP reclaiming the $3 level is not off the table. With improving sentiment, strong support levels, and the potential for bullish catalysts, all eyes are on whether XRP can break out and rally in the coming weeks.