“XRP is reclaiming its key support level,” analysts note after the token gained 4% in a day and surpassed the $3 mark, strengthening its position in the top three cryptocurrencies with a market cap of over $182 billion.

Moreover, institutional interest in XRP derivatives has reached new highs amid the upcoming launch of CME’s 24/7 futures.

Data shows the move is accompanied by neutral technical signals. The ADX remains weak at 14, indicating a lack of clear trend. At the same time, the 50-day EMA coincides with the psychological barrier at $3, forming strong resistance, while the 200-day EMA at $2.70 provides reliable support.

But this does not mean that a breakout will happen immediately—the market still remains in a consolidation phase.

Analysts emphasize: “A close above $3.10 with a rising ADX will confirm a true bullish impulse.”

For now, XRP is moving within a sideways channel, with $2.70 acting as the critical level that bulls will defend to maintain the upward trend structure.