XRP Price Eyes $3 as Breakout Pattern Signals Bullish Reversal

XRP is showing signs of a potential breakout as it trades near a key resistance zone after months of consolidation. Currently priced around $2.09, XRP is approaching the $2.20–$2.23 level, where the 50-day and 100-day Exponential Moving Averages (EMAs) converge—an area that could trigger a significant bullish move if breached.

Technical indicators point toward a classic descending channel breakout, often a bullish reversal signal. A decisive daily candle close above the channel’s upper trendline could ignite momentum, pushing XRP toward the $2.50 and even the $3 mark in the near to mid-term. Although trading volume hasn’t surged yet, a spike in buying activity at the breakout point would further validate the bullish setup.

The Relative Strength Index (RSI) remains neutral, suggesting room for further upside before reaching overbought territory. Meanwhile, consistent support near the 200 EMA underscores a solid long-term trend foundation for the asset.

If XRP successfully flips the $2.20 zone into support, it would confirm bullish strength and open the door to price levels not seen since its 2021 rally. Investors and traders are watching closely, as overcoming this congestion zone could mark the start of a strong upward trend.

With market interest growing and technical signals aligning, XRP could be gearing up for a notable surge—making the next few trading sessions critical for momentum confirmation. As the crypto market eyes fresh rallies, XRP remains one of the altcoins to watch.