XRP News Today: XRP Surges 15% to $3.16, Breaking Key Resistance

XRP, the cryptocurrency, has surged past the $3.00 mark, extending its rally from a symmetrical triangle pattern that has been in place for over a year. The price is currently trading near $3.16, having broken out from a key resistance zone at $2.60 earlier this month. This move has pushed XRP into thin liquidity regions, which were last seen in late 2024.

The bullish resolution from the symmetrical triangle is confirmed by multiple volume and momentum indicators aligning in favor of the uptrend. XRP has reclaimed the 0.236 Fibonacci level at $2.71 and is now approaching the previous swing high of $3.40, with minimal structural resistance in between. The weekly candle body closes above the triangle, further confirming a macro bullish breakout.

The 1D Chande Momentum Oscillator reads an elevated 91.3, indicating strong buyer strength. XRP remains well above the Bull Market Support Band, which is now between $2.25 and $2.27. This suggests that the broader market context remains supportive for trend continuation as long as the price holds above prior breakout zones.

Volume Profile shows a clear low-volume node between $2.95 and $3.35, suggesting that the price could move rapidly through this region if momentum persists. The On-Balance Volume (OBV) continues to rise, now above 3.16B, which is a sign of aggressive inflow during this breakout. The Money Flow Index (MFI) on the 4-hour chart is at 79.55, nearing overbought levels but not yet signaling a reversal.

The Ichimoku Cloud on the 30-minute chart shows the price clearly above the cloud with strong bullish separation. Leading span A and B are widening, reinforcing the bullish outlook. However, the RSI (30-min) readings are pinned near 70, indicating overbought conditions that may trigger intraday pullbacks.

Derivatives sentiment remains heavily long-biased. The Binance top trader long/short ratio stands at an aggressive 3.27, showing dominant long positioning. However, this also increases liquidation risk if momentum stalls near $3.40. Volume has increased sharply, but options volume has dropped 39.51%, suggesting traders may be reducing hedges and going outright directional, which is a signal of euphoria that often precedes sharp volatility.

XRP price today looks set to challenge the $3.40 resistance in the next session. A close above that level could open the path to $3.60 and eventually $3.88 – the December 2024 high. However, if XRP fails to maintain above $3.00 or shows weakness on high timeframes, a pullback to the $2.85–$2.90 support band becomes likely. Key structural support lies at $2.71 (Fib 0.236) and then at $2.58, both areas of past consolidation and volume confluence. Short-term traders should watch the $3.15–$3.20 region for potential profit-taking and observe volume confirmation around $3.40 for a bullish breakout continuation.