- XRP breaks first descending trendline on 1H chart, targeting $3.10-$3.15 as key resistance zone per More Crypto Online analysis.
- Current price at $2.98 with 5% 24h gain; whale accumulations and ETF buzz drive bullish sentiment amid $177B market cap.
- Predictions vary from $2.50 dip to $5-$10 by year-end, fueled by on-chain surges and regulatory wins.
In the ever-evolving crypto landscape, XRP has once again captured the spotlight with a decisive technical breakout. As of today, XRP is trading at $2.98, up 5% in the last 24 hours, boasting a market cap of $177 billion and $6.2 billion in daily volume.
Renowned analyst More Crypto Online highlighted a key development: XRP has shattered its first descending trendline on the 1-hour chart, with eyes now on the $3.10-$3.15 zone as the next critical decision point.
This move comes amid a short-term Elliott Wave pattern, where labeled waves (1) through (5) suggest upward momentum, supported by Fibonacci extensions at 123.6% ($3.028), 138% ($3.059), and 161.8% ($3.101).The chart, sourced from TradingView Pro, shows XRP rebounding from a low near $2.66, testing resistances marked by cyan horizontal lines and a yellow downtrend. A red support line at around $2.72 holds firm, while green overhead resistance looms at $3.40.
This breakout aligns with broader market optimism, fueled by institutional inflows—Binance saw 670 million XRP added in September—and potential ETF approvals. Analysts like those at BeInCrypto warn of red flags, including a crucial $2.70-$2.80 support zone, but bullish scenarios dominate.
Community sentiment on X is electric, with predictions ranging from a near-term dip to $2.50 if support fails, to explosive rallies. One forecast sees XRP hitting $3.40 on a breakout above $3.05, while longer-term views eye $5-$10 by year-end, driven by regulatory clarity post-SEC win and DeFi expansions. Massive on-chain activity, including 2.15 billion XRP moved in a day, underscores whale confidence amid Trump’s crypto hints and Fed rate cut expectations.
BlackRock’s involvement in Ripple Swell 2025 adds fuel, with some analysts targeting $127 via a cup-and-handle pattern. However, caution prevails: September historically challenges crypto, and XRP’s TVL dipped to $98 million.
If the $3.10 resistance holds, a retrace to $2.78 could materialize. Yet, with 340 million XRP accumulated by whales and RLUSD’s $731 million cap, utility-driven growth positions XRP for altseason dominance. Traders should monitor volume spikes and RSI for confirmation. As XRP evolves from payments to DeFi powerhouse, this breakout could mark the start of a multi-month surge.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
