XRP is showing renewed strength, currently inching toward the $2.85 resistance level following a sharp “V-shaped” recovery from around $2.66 to its current price near $2.84. If it manages to break through that ceiling, analysts see a potential climb toward $3.20, reigniting optimism among investors.
On shorter timeframes, XRP has formed a bullish pennant—a continuation pattern suggesting momentum could carry it higher if trading volume picks up. However, indicators show the token may be overbought, and support levels around $2.75–$2.77 remain critical in case of a pullback.
Beyond technical signals, XRP’s market capitalization hovers around $167 billion, backed by rising volume and growing institutional interest. If it can clear the current resistance zone, traders speculate it could rally toward $3.20–$3.30. Longer-term forecasts from some bullish analysts even suggest eyeing the $6 mark if momentum and broader crypto market strength stay intact.
Still, investors are advised to proceed with caution. XRP may encounter a mild correction after a breakout, or fail to hold the $2.85 level. But if it does, the path toward $3.20 appears clear—and a sustained push there could fuel further upward momentum.
