XRP Price Watch: Bulls Eye Breakout as XRP Hits $3.02 With Strong Momentum

CN
5 hours ago

The one-hour chart reflects a tight consolidation phase with increasing bullish pressure. XRP rebounded strongly off the $2.934 support zone, establishing a clear near-term floor. Most recently, price action has been pushing toward the upper boundary of the range near $3.02 with growing volume, indicating accumulation could be concluding. If XRP surpasses the $3.04 threshold, this could validate a short-term breakout and usher in a rapid bullish continuation. The setup suggests a favorable risk-to-reward scenario for traders watching for decisive moves in the next sessions.

XRP Price Watch: Bulls Eye Breakout as XRP Hits $3.02 With Strong Momentum

XRP/USD via Bitfinex 1-hour chart on Sept. 10, 2025.

The four-hour chart offers a broader perspective on the ongoing bullish structure. Following a breakout from $2.78 to $3.03, XRP entered a minor pullback phase and has since consolidated between $2.95 and $3.03. This zone now acts as a bullish continuation pattern, likely a flag or pennant, supported by a noticeable spike in trading volume. A clean break above $3.03 would complete this pattern and confirm further upside potential. The volume behavior supports the continuation thesis, particularly if momentum sustains above $3.04.

XRP Price Watch: Bulls Eye Breakout as XRP Hits $3.02 With Strong Momentum

XRP/USD via Bitfinex 4-hour chart on Sept. 10, 2025.

The daily chart reveals a macro picture of trend reversal emerging after an extended downtrend in August. XRP bottomed around $2.70 and has since formed higher lows and higher highs—technical hallmarks of an uptrend in development. Recent bullish candles and stable trading volume further corroborate the strengthening buying pressure. With resistance near $3.38 acting as the next upside target, the trend remains constructive provided XRP holds above key support at $2.93. A breakout beyond $3.38 would likely extend gains toward the $3.50 region.

XRP Price Watch: Bulls Eye Breakout as XRP Hits $3.02 With Strong Momentum

XRP/USD via Bitfinex 1-day chart on Sept. 10, 2025.

Oscillator data paints a neutral to mildly bullish technical environment. The relative strength index (RSI), for instance, stands at 54.93, signaling equilibrium between buying and selling pressure. The Stochastic oscillator at 78.20 and the commodity channel index (CCI) at 72.33 both sit in neutral zones. Likewise, the average directional index (ADX) reads 16.52, reflecting a weak trend strength. However, the momentum indicator at 0.23341 and the moving average convergence divergence (MACD) level at -0.02207 both flash bullish signals—pointing to early-stage upward momentum building beneath the surface.

Moving averages (MAs) reinforce the bullish undertone in XRP’s price action. The exponential moving averages (EMAs) across the 10, 20, 30, 50, 100, and 200 periods are all producing positive signals, indicating sustained upward bias. Similarly, the simple moving averages (SMAs) on the 10, 20, 30, 100, and 200 periods also favor continued price appreciation. The only exception is the 50-period SMA, which issues a bearish signal, likely due to its proximity to the current price. The broad alignment of these indicators supports the likelihood of trend continuation, with $3.04 and higher serving as a key breakout pivot.

Bull Verdict:

The convergence of bullish patterns across all timeframes, combined with buy signals from key momentum indicators and moving averages, presents a compelling case for continued upside in XRP. A confirmed breakout above $3.04 could set the stage for a rally toward $3.38 and potentially beyond, marking a resumption of the uptrend and reinforcing a bullish outlook.

Bear Verdict:

Despite short-term strength, XRP faces strong overhead resistance near $3.04 and $3.38, and the absence of clear directional strength in oscillators warrants caution. Failure to break above resistance or a close below $2.93 would invalidate the bullish setup, potentially triggering a retracement back to the $2.70 region and reinforcing a bearish shift in momentum.

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