XRP is drawing renewed attention from market watchers as its technical structure strengthens and volume spikes sharply. The asset is now trading above key moving averages and is gaining traction for a potential retest of the $3 mark.
Network activity has surged significantly, with over 659 million XRP moved in transactions between wallets within 24 hours, according to data from XRPScan. This heightened on-chain movement indicates growing investor engagement and potentially signals accumulation by larger holders preparing for upward Momentum.
XRP is currently trading near $2.29, holding firm above the ascending trendline developed through June and early July. This formation is being interpreted as a bullish continuation pattern, with the price pushing past the 50, 100, and 200-day exponential moving averages. Such alignment typically supports stronger follow-through moves when paired with rising network activity.
Technical Structure Points Toward Continued Price Expansion
XRP’s Relative Strength Index (RSI) is trending upward and currently sits just below the 60 mark. This upward trend in RSI suggests rising buying interest but not yet an overbought condition, offering room for further gains.
Moreover, historical resistance levels between $2.50 and $2.60 have not proven strong enough to prevent further upward movement in past cycles. These levels may act more as short-term hurdles than as lasting barriers.
Significantly, XRP’s climb is happening without signs, making the current movement more sustainable. If volume persists and XRP maintains its position above $2.20, the next short-term target is around $2.50.
That said, the sharp increase in daily volume could also lead to volatility. Rapid rises in wallet-to-wallet payments sometimes signal impending distribution phases or profit-taking. Should the asset fail to hold support around $2.15, traders could see a swift drop back into the $2.00–$2.10 range.
Still for now, both on-chain and technical indicators appear aligned in favor of a bullish extension. If Momentum holds and volume continues to rise, XRP may test the $3 psychological barrier in the near term.
Conclusion
XRP is exhibiting multiple signs of renewed strength, with increasing trading volume, bullish chart patterns, and network activity all reinforcing potential for further upside. Market participants are watching closely as XRP edges toward its next key resistance, setting the stage for a possible breakout beyond $3.
