XRP Approaches Historic Previous Peak – A Jump to $3 Could Open Up a Strong Breakout

The cryptocurrency market is buzzing once again as XRP – the leading altcoin in the Ripple ecosystem – is approaching a key resistance zone around the price level of 3.00 USD, a price level that has not been touched since the all-time high (ATH). As of now, XRP is trading at 2.91 USD, up 2.15% in the last 24 hours, raising hopes for a breakout ( in the very near future. 💬 According to renowned analyst Ali Martinez, XRP is "screaming for a new peak" as this coin is testing the upper part of the long-term price channel – a zone that has acted as a resistance ceiling for many years. If it successfully closes the weekly candle above the psychological level of $3, there is a high likelihood that XRP will extend its upward trend and move towards the next target in the zone of $4.80. 📈 The Price Surge Momentum of XRP – Data Supporting the Strength of the Rally Technical factors and on-chain data are reinforcing the bullish trend of XRP: Open Interest )OI( – the index representing the amount of open derivative contracts – has surged to 3.409 billion USD, indicating strong participation from investors and increasing leveraged positions. This often occurs before significant price fluctuations. XRP is trading steadily above the 10-period adaptive moving average, a signal indicating that the bullish trend has a solid foundation, and the accumulation process is occurring healthily. 🧠 Investor Psychology & Price Decision Zone Analysts believe that the next few trading sessions will play a decisive role, as market sentiment is waiting to see if XRP can: Closing the week above $3 confirms a breakout of resistance. Transforming the $3 price level from resistance into long-term support is a prerequisite for XRP to enter the "price discovery" phase, which refers to an unprecedented price zone. If this happens, XRP will enter a new growth wave that many investors believe could bring it closer to the $5.00 mark in the current market cycle. 📌 Conclusion After many years of fluctuating in the accumulation zone, XRP is on the brink of surpassing its historical peak. With strong technical momentum, positive market sentiment, and an increase in derivative trading volume, breaking through the $3 threshold could be the catalyst for a breakout growth. 🚨 However, as always, investors should closely monitor price movements and carefully consider risk management strategies in the context of a highly volatile market.