XRP Is Heating Up – All Eyes Are on the $3.00 Breakout Level

XRP continues to be the focal point of attention in the market as this coin has reached a resistance level of $3.00 and recorded an increase of more than 5% in the recent trading session. Currently, the price is entering an accumulation phase, with many signals indicating that a breakout could occur — but there is also the risk of a correction if this important level is not held. 📈 Price movement of XRP XRP is currently trading at $2.90 and is holding steady above the 100-hour SMA. On the 1-hour XRP/USD chart, a clear upward trendline is forming with support around $2.930. The latest surge has pushed the price above the resistance levels of $2.880 - $2.90, nearing the daily high of $2.994. Currently, XRP is testing the 23.6% Fib retracement level from the low of $2.794 to the high of $2.994, indicating that buying pressure remains strong. 🚀 Bullish outlook If the bulls continue to successfully defend $2.930, the price may bounce back. Important resistance levels to pay attention to: Nearest resistance level: $2.980. Take profit threshold: $3.00 — a decisive break above this range could trigger a strong rally. Next target: $3.050 – $3.120. The biggest challenge: $3.150, where strong selling pressure is expected to emerge. If it breaks out successfully, XRP may enter a new upward phase, consolidating its superior position compared to Bitcoin and Ethereum in the short term. ⚠️ Adjustment scenario In the event that XRP cannot break through $2.980 – $3.00, the risk of a correction will return: First support: $2.930 (uptrend line). Next support: $2.892 (Fib level 50%). If this level is broken, the price may retreat to around $2.860 – $2.850, even testing deeper support areas. 🔎 Technical indicator MACD (hour chart ): is gradually weakening, indicating that the upward momentum is showing signs of slowing down. RSI (hour chart ): still maintains above the 50 threshold, indicating that the overall upward trend has not been broken. ✅ In summary: XRP is in a critical phase around the psychological level of $3.00. If the bulls hold $2.930 and break strongly through $3.00, the market may witness a new acceleration wave. Conversely, failure in this area will cause XRP to enter a corrective phase towards the $2.860 – $2.850 region before seeking recovery opportunities.