XRP fell under $3 in recent days, creating some market uncertainty. But things turned around today with a 9% rise, bringing XRP’s price to $3.17. This rebound shows strong buying pressure and fresh investor interest.
The market feels increasingly positive about XRP, with many expecting a significant price move soon. Veteran analyst Mikybull Crypto shared on X that the price of XRP is breaking out, and $4 may be the next key level to watch. This comes as XRP reaches important new developments.
The XRP price may be up today because Ripple got money transmitter licenses in New York and Texas. This marks a big step for the company’s presence in the U.S. market and could bring in more large investors. These licenses let Ripple work more freely in two key financial states, building more trust in XRP’s future.
Furthermore, XRP’s total market value is now approaching $200 billion. The market sees XRP as a top cryptocurrency, and talks about including it in the U.S. strategic crypto reserve have added to the positive outlook. XRP’s increasing market cap and strengthened regulatory footing contribute to the overall bullish outlook.
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XRP Chart Analysis: Breakout Potential
XRP has been going up since December 2024, and it picked up steam in January 2025. The price is forming what traders call a symmetrical triangle; when this happens, the price often makes a significant move soon after. As XRP’s price nears the top of this triangle, trading has gotten quieter, suggesting it might break out soon.
The price currently tests the $3.50 level, a key resistance point. If XRP surpasses this threshold, a potential push towards the $4 mark, as indicated by Mikybull Crypto, becomes likely. However, traders are also keeping a close eye on the $2.90 support zone, as any dip below this level could signal a reversal.
Bullish Sentiment Driving Momentum
The growing volume in XRP trades reflects heightened interest, particularly as the asset nears its breakout point. This increased market activity indicates that traders are preparing for a potential upward move. If XRP moves past $3.50, the next big target could be $4 in the weeks ahead.
With both technical and fundamental factors looking strong, the next few days could be crucial for XRP’s price upward trend. Traders are watching for signs of a breakout and any new developments in Ripple’s regulatory progress.
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