XRP Price Poised for $3.55 leap as Bullish Momentum Builds
The XRP price is steadily hovering above $3, bolstered by consistent demand. This key support acts as a fortress, underpinning the asset’s bullish potential.
- $3 serves as critical support and high-time-frame barrier.
- Serial higher lows confirm a robust bullish trend.
- Neutral funding implies balanced sentiment ahead of $3.55 test.
Ripple, the parent company of XRP, announced plans to debut a tokenized money market fund and stablecoin on DBS Digital Exchange. This strategic move amplifies XRP’s appeal among institutional investors.
Technically, XRP exhibits remarkable resilience, sustaining it’s position above the pivotal $3 mark. This aligns with the broader trading range’s value area high. Repeated prosperous holds at this level signify strong buyer interest.
Structurally, XRP demonstrates consecutive higher lows—a telltale sign of a bullish market. Each test of support near $3 triggers fresh buying, underscoring sustained commitment.This dynamic suggests a potential ascent toward the high-time-frame resistance of $3.55.
Spanish bank BBVA recently joined Ripple to provide crypto custody services, adding credibility to XRP’s future prospects. Neutral funding rates at around 0.02% indicate balance between long and short positions, enhancing prospects for sustained growth.
Volume trends reinforce this narrative. Genuine spot demand has kept XRP prices robust without relying solely on speculative leverage. This positive alignment supports the bullish narrative.
as long as the $3 support holds, XRP faces favorable odds for a move towards $3.55. A clean breakout could unlock further gains,so traders should watch for consolidation phases before the ascent begins.
