XRP Breaks Key Resistance as Bullish Momentum Builds Toward $3

XRP has kicked off July with a 10% rally, entering a key technical zone that could mark the beginning of a broader uptrend. The XRP/USDT chart shows a well-defined ascending channel, indicating sustained bullish momentum. Notably, XRP has surged above both the 26-day and 50-day exponential moving averages (EMAs), a move suggesting increasing market confidence.

This breakout isn't just a technical signal—it reflects a broader shift in trader sentiment. The $2.30–$2.40 range, once seen as a consolidation zone, is now seeing risk-on behavior from investors. On-chain data adds to the bullish narrative: new XRP wallet addresses have steadily increased over the past week, hinting at fresh liquidity entering the ecosystem.

The Relative Strength Index (RSI) remains in the mid-60s, suggesting XRP is not yet in overbought territory and has more room to run. Moreover, the recent price surge is backed by rising trading volume, signaling strong buying activity rather than isolated whale movements.

Technically, XRP is trading above all major moving averages and has jumped above the Ichimoku Cloud—another bullish indicator. The next critical test lies in the $2.40–$2.50 resistance range, a level that has historically triggered sell-offs. However, if XRP can close above this zone with volume support, it could clear the path toward the psychological $3 milestone.

With improving network activity, bullish technicals, and surging investor interest, XRP is poised for a potential breakout that could reshape its medium-term trajectory. Traders will be watching closely to see if this rally has the momentum to sustain itself and break into new territory.