Analyst Tells XRP Holders to Lock In. Here's why

XRP has quietly gained significant traction over the past week, rising over 26% and currently trading near $2.91. While market participants focus heavily on Bitcoin and Ethereum, XRP has staged a notable recovery, now approaching a pivotal resistance level that could dictate its near-term trajectory.

Well-Defined Technical Zones Emerge

The hourly chart the analyst shared highlights two well-defined supply and demand zones. The upper resistance band lies just above the $2.95 level, and XRP has made multiple attempts to breach it over the past few days.

The chart also shows a strong bounce from the lower accumulation zone near $2.60, an area that previously served as a launchpad for the current upward move. With XRP now consolidating in a tighter range, the technical setup suggests an imminent breakout could be underway.

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Confidence in XRP’s Future

Cryptoinsightuk asked the community to lock in, implying confidence in the asset’s immediate future, and suggesting that traders should focus on the levels being tested in this specific setup.

The resistance at $3 is psychologically and technically significant. A clean move above it could confirm a shift in market structure, with one analyst predicting potential targets between $10 and $20 once XRP breaches this level.

The RSI displayed on the chart adds an important layer to the analysis. Following a drop into oversold territory, the RSI has begun to recover, crossing above its moving average with slight bullish divergence. This aligns with the recent price action, where XRP is printing higher lows and showing signs of resilience despite broader market indecision.

What to Expect from XRP

Unlike prior rallies driven by impulsive spikes, the present formation suggests a more constructive buildup. Other analysts have reinforced the positive sentiment with bullish predictions for the asset based on technical signals and patterns. As of now, XRP sits just beneath the $3 resistance, and the market’s response over the next few days could be decisive.

XRP’s performance is also noteworthy when viewed in relative terms. While the broader altcoin market remains largely range-bound, XRP has managed to outperform expectations, likely fueling renewed interest among technical traders. If buyers can push the price decisively above the $3 mark with volume confirmation, it could kickstart a bigger surge, potentially sending it to a new all-time high.

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