XRP Breaks Key Trendline With Strong Close — Analysts Set $3.60 Target As Momentum Builds

XRP closed above a descending trendline, maintaining a valid Elliott Wave structure.

Support is identified at $3.02, while resistance stands at $3.18.

RSI formed a bullish cross, confirming momentum toward a minimum target of $3.60.

The optimism in the current market structure was reinforced with XRP displaying fresh signs of strength after a three-day close above a falling trendline. At the time of writing, the cryptocurrency was trading at 3.14, which increased by 3.3% in the last 24 hours.

In the same time period, XRP outpaced Bitcoin, going up 2.6% to trade at 0.00002711 BTC. Experts noted that the breakout verified a strong level of resistance, as indicated that XRP's general Elliott Wave count has not been violated despite adjustments on the time projections

Support and Resistance Levels Defined

Following the upward move, XRP established a firm support zone at $3.02. This level is now being closely monitored as traders seek confirmation of short-term price stability. On the upside, resistance emerged at $3.18, creating a narrow corridor that shaped trading during the most recent session

Price action has remained confined within this range, reflecting growing market attention on the upcoming weekly close. Analysts also noted a minimum target of $3.60 if momentum continues, reinforcing the importance of the breakout confirmation.

Indicators Confirm Strengthening Momentum After Breakout

Bullish results were also supported by technical indicators. Relative Strength Index (RSI) was bullishly crossed, which is at 55. Although this reading is associated with balance, the reading also demonstrates a trend of strengthening as the momentum is gained. Volume readings supported the move as well, highlighting that buyers remain engaged following the breakout above the trendline.

Elliott Wave Structure Maintains Outlook

Moreover, the Elliott Wave count also conforms with the projections using medium-term perspectives, implying that the ongoing rise might be the beginning of a larger upward trend. Analysts hold that once XRP continues to move above $3.02 and over $3.18 with confidence, the market might pick up pace to reach greater price levels

The recent breakout of XRP also created new hopes and technical indicators, support levels, and even wave structures all indicate that continuation is favored. It may allow it to build strength beyond its current areas of support to the expected range of $3.60.