XRP price prediction: What awaits after the strong rebound?

The price of XRP is currently trading around $3.04, after a strong bounce from the support zone near $2.70 earlier this month. Forecasts suggest that this altcoin could continue towards the $3.40 mark if the upward momentum is maintained.

Trading activity increases as this token approaches a key resistance zone, raising speculation about whether the upward momentum can continue.

XRP stabilizes after a strong recovery

XRP has recovered from a correction to near $2.70, where buying pressure has re-emerged. According to analysts, this is one of the strongest rebounds in recent weeks.

This move has pushed the price of XRP beyond the psychological threshold of $3.10, attracting significant attention from investors.

Market analyst Mirsad has launched a giveaway program of 10,000 XRP, worth approximately $31,000 at the current time.

Although the program itself does not affect liquidity, it reflects the community's interest surrounding this breakout.

The daily chart shows that XRP has strongly recovered from the zone of $2.70, where demand has clearly manifested in previous trading sessions. New buying pressure has allowed the bulls to regain control after a period of correction.

The return from the support zone $2.70 | Source: Mirsadsolana## XRP Price Prediction: Technical signals support the uptrend

Many technical indicators show that market conditions are improving. Analysts notice that the short-term moving average of this token is starting to trend upward, a signal that often precedes continued upward momentum.

The potential crossover between the moving averages will further reinforce the positive trend. The nearest resistance zone is between $3.35 and $3.40.

This zone has previously halted prior price increases and remains an important test for the buyers. Breaking through this zone could shift attention to $3.60, which analysts describe as the next target.

The trading volume in the past 24 hours has exceeded 111 million XRP, reinforcing the belief that the current buying pressure is genuine, not a result of manipulation. The Relative Strength Index (RSI) also indicates that the market remains balanced, not yet entering the overbought zone, allowing for further upward potential.

Market Support Factors

Some external factors also contributed to the recovery momentum of XRP. Analysts note that the optimistic sentiment surrounding the prolonged lawsuit of Ripple in the United States has returned.

The overall market has also witnessed a flow of capital shifting from BTC to large-cap altcoins. This change has spurred interest in XRP.

In addition, the activities of the community are also becoming lively. Although speculative promotional programs like giveaways do not change the fundamental factors, they signal investor participation throughout the price surge.

Short-term prospects

Analysts say XRP needs to hold above $3.10 to maintain its current upward momentum. Failing to maintain this level could result in the price retesting the $2.90 threshold.

Conversely, breaking through the resistance zone between $3.35 and $3.40 will pave the way for XRP towards $3.60.

Currently, both technical and fundamental factors are leaning towards the bulls. Trading volume is increasing, moving averages are shifting positively, and capital flow into altcoin has created a supportive environment. The important question is whether XRP has enough strength to break through the resistance barrier in the upcoming trading sessions.

Vincent