XRP Holds Strong Support – Is the Next Rise Coming?

XRP is showing remarkable strength as it continues to hold the important support zone after breaking above the $3.40 mark. The price is currently in the accumulation phase of profit, but technical signals indicate that the bulls are likely preparing for a strong next bounce. 🔍 Current Situation of XRP XRP has surpassed the resistance level of $3.350, showing a stronger upward momentum compared to Bitcoin and Ethereum in the same timeframe. The price has broken through the resistance level of $3.50 and reached a local peak at $3.660 before slightly adjusting to the area of $3.425. Currently, XRP is trading above $3.450 and the 100-hour moving average, a positive signal for the short-term trend. A short-term upward trend line is forming with support near the zone of $3.480 on the XRP/USD hourly chart. 📈 Price Increase Scenario If XRP holds above the support zone $3.480 and does not break below $3.420: The nearest resistance level is the zone $3.550, coinciding with the 61.8% Fib retracement level of the recent drop from $3.650 to $3.425. If it decisively breaks above $3.60, XRP may continue its upward trend towards the zone $3.650, and then aim for $3.720 or $3.80. The zone $4.00 will be the next major challenge for the buyers in the medium-term trend. ⚠️ Discount Scenario If XRP fails to break through the resistance of $3.550: The first support zone to watch is $3.480, followed by $3.420. If it breaks $3.420, the price may drop to the zone of $3.350, and further down to the level of $3.320 – a strong support from the previous period. 📊 Technical Indicators MACD (Hour frame 1H): Weakening bullish signal, may soon cross down. RSI (Relative Strength Index): Below 50 - temporary sign of reduced buying pressure. ✅ Conclusion XRP is still holding the important support zone and the current technical structure still leans towards a continuous bullish trend. As long as the price does not drop below $3.420, the bulls still have the advantage. If there is a strong breakout above $3.550–$3.600, XRP could very well aim for the zone of $3.80–$4.00 in the upcoming sessions. Investors should closely monitor the support zones of $3.480 and $3.550 to assess the potential for a breakout or correction.