XRP Breaks Out of Wedge Pattern, Eyes $3 Target Amid Bullish Momentum

XRP has captured market attention with a strong breakout above a descending wedge pattern that had capped its movement since early 2025. After weeks of accumulation and sideways consolidation, the token surged past a confluence of resistance levels, including the 50-day and 100-day exponential moving averages (EMAs), signaling a potential long-term rally.

XRP recently spiked to $2.10 before a minor retracement, which is typical following such a breakout. The digital asset now finds solid long-term support from the 200-day EMA, positioned at $2.01. A confirmed close above the $2.40 level would validate the breakout and potentially ignite a stronger bullish leg toward the next psychological and technical milestone of $3.

Momentum indicators such as the Relative Strength Index (RSI) remain elevated but not overbought, suggesting room for continued upward movement. If XRP consolidates between $2.30 and $2.40, it may gather the strength needed for the next surge. A retest of previous resistance zones could also provide the necessary liquidity for further upside.

Trading volume remains robust, and on-chain metrics reveal increased activity from large wallets along with a spike in payment volume—both aligning with a bullish outlook. Technically, there’s limited resistance between current levels and the $3 target, which also coincides with Fibonacci extension projections and historical highs.

With strong support below, positive momentum, and bullish market structure, XRP appears poised for a continued climb. Traders and investors are closely watching for a decisive close above $2.40, which could pave the way for a rally toward $3 in the coming weeks.