XRP Price Soars to $3.29, Bullish Breakout Eyes $3.50 Resistance

XRP Price Holds Above $3.20 With Aggressive Momentum Rebound

XRP has surged to $3.29, gaining 4.92% in today’s session, marking a clear break from the recent consolidation that held prices within the $3.05–$3.15 zone. The intraday high pushed toward $3.32, signaling that buyers have successfully absorbed sell-side liquidity from short-term profit-takers. This strength has been fueled by a confluence of factors, including renewed whale accumulation, easing macro pressure from the U.S. dollar, and growing optimism around global cross-border payment adoption.

Technical Landscape: Key Levels and Pattern Structure

From a technical standpoint, XRP has reclaimed the 20-day EMA at $3.21, which had previously acted as a short-term ceiling. The next challenge is the $3.35 resistance, a level that capped rallies twice in the past 14 trading sessions. A sustained close above this zone would open the path to retest $3.50, the June swing high. On the downside, immediate support is clustered at $3.18, followed by the psychological $3.00 mark — a level where strong bid absorption was evident during last week’s dip. RSI has climbed to 63, suggesting momentum is bullish but still short of overbought territory, giving room for continuation before any exhaustion signal.

Whale Positioning and On-Chain Flow Dynamics

On-chain data over the last 48 hours shows a net positive whale accumulation pattern, with multiple wallets adding positions in the 500,000–1 million XRP range. This activity coincided with a notable decline in exchange reserves, indicating a potential shift toward long-term holding rather than immediate liquidation. The whale bid concentration around $3.15–$3.20 has provided an invisible floor during intraday pullbacks, reinforcing the support structure.

Macro Tailwinds: Dollar Softness and Liquidity Inflows

Part of XRP’s upward momentum stems from the weakening U.S. dollar index, which has slipped below 104.50 after softer-than-expected U.S. inflation data. This has reduced pressure on risk assets, including cryptocurrencies, allowing liquidity to rotate back into altcoins. Coupled with rising cross-border settlement volumes in emerging markets, XRP has benefitted as a proxy for blockchain-based remittance flows, particularly in corridors between Asia-Pacific and Latin America.

Regulatory Climate and Sentiment Shift

While the regulatory environment remains a persistent overhang for XRP, recent developments have tilted sentiment toward optimism. Several market participants view the lack of immediate SEC escalation as a signal that the legal narrative is entering a quieter phase. This easing of perceived legal risk has helped restore speculative interest, as seen in the 9% uptick in derivatives open interest over the past 24 hours. Funding rates have remained stable, suggesting the rally is not purely driven by overleveraged longs.

Derivatives and Liquidation Heat Map

Futures data shows that XRP perpetual contracts have seen a $28 million net long build-up since Friday, with the liquidation heat map indicating major stop clusters above $3.35 and $3.50. This creates a potential short squeeze scenario if price action breaches these levels with momentum. Options flow has also leaned bullish, with calls outpacing puts by a 1.8:1 ratio for September expiries, particularly in the $3.50–$4.00 strike range.

Buy/Sell/Hold Verdict

Given the confluence of improving technical structure, whale accumulation patterns, supportive macro backdrop, and a controlled derivatives environment, the short-to-medium-term outlook leans bullish. The critical inflection remains the $3.35 resistance — a confirmed breakout could accelerate momentum toward $3.50 and possibly $3.65. While a pullback to $3.18 would be healthy and not structurally damaging, a breakdown below $3.00 would weaken this bullish thesis. Based on current data, XRP-USD is a Buy, with a near-term target of $3.50 and medium-term extension potential toward $3.85 if macro tailwinds persist.

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