XRP Flips Into Top 3 as Classic Breakout Fuels $3 Momentum

As a result, XRP is witnessing bullish momentum with the psychological price of $3 being on the horizon. Will XRP Experience a Bullish Continuation in Play? According to market analyst ATOM B, “XRP has just completed a classic inverse head and shoulders pattern on the daily chart — a strong bullish reversal signal. After forming a well-defined Left Shoulder, Head, and Right Shoulder, the price has broken decisively above the neckline resistance zone around $2.60.” This breakout is being fueled by strong bullish momentum and volume, signaling a likely trend continuation after weeks of accumulation and price compression. ATOM B added that a breakout above the psychological resistance of $3 could propel XRP toward $3.40 and beyond, matching the measured move from the pattern’s base to neckline. The analyst added, “This pattern reflects a shift in market sentiment from bearish to bullish, and as long as XRP holds above the breakout zone, dips could be seen as buying opportunities.” Therefore, a potential retest of the $2.60–$2.65 neckline zone should be given a keen eye because it could confirm the breakout and present a strong entry opportunity. At the time of this writing, XRP was trading at $2.86, representing a 26.1% increase in the past week, according to CoinGecko data . The 3rd-largest cryptocurrency by market cap continues to witness bullish momentum after recently surging to a 7-week high backed by rising on-chain activity, institutional use cases, and anticipation of regulatory and technical advancements. Why XRP Hitting the Psychological Price of $3 Is of Keen Interest The psychological level of $3 grabs attention not just for its symbolic value, but for its real-world implications. According to crypto analyst MoonBitz, “XRP might be gearing up for its biggest move in a while. Analysts are watching that $3 level closely; if we close above it on the weekly, $6 is the next big target, and with ETF chatter and big Korean volume… this ain’t noise.” Based on this analysis, the $3 price zone will act as the linchpin for greater heights with $6 being in the picture. A Barrier Between Sentiment and Momentum Psychological price levels like $3 often act as magnets and repel forces in markets. According to analysts, XRP recently broke out of its $2.08–$2.59 range with strong volume, suggesting rising momentum toward $3.00. Holding above $3 would mark a decisive sentiment shift, triggering bullish technical setups and potentially clearing the path to its all-time high of $3.40. Technical Structures Point the Way Chartists highlight that XRP is completing bullish formations: a “highly rare continuation compound fulcrum” pointing to a possible 60 % rally toward $4.47, and indicators like MACD and RSI flashing bullish signals. Additionally, triangle and wedge breakouts reinforce the likelihood of a rally past $3. On‑chain & Institutional Confidence Institutional accumulation is unmistakable: whale wallets holding more than1 million XRP hit a record 2,743 addresses controlling over 47 billion XRP. Many of those coins are exiting exchanges, signaling long‑term hold intentions. Market Psychology & Wider Crypto Correlation Beyond XRP itself, Bitcoin’s rally above $120K boosts altcoin interest. When BTC shines, altcoins like XRP often gain attention, creating a feedback loop . XRP hitting $3 then becomes not just a milestone, but a signal of broader altcoin cycle strength. Conclusion XRP breaking and holding above $3 wouldn’t just mark a price level reached, it would symbolize a shift in sentiment, conviction, and dynamism. Technicals, accumulation, legal clarity, and macro momentum are converging now. For investors, traders, and Ripple’s ecosystem, $3 is a gauge of whether XRP is truly ready for its next breakout.

Source: Coinpaper