In recent days, the asset has shown impressive performance and has successfully broken out of a bullish pattern, hinting that an XRP bull run could be on the horizon.<\/p>\n
XRP price action, key levels to watch\u00a0<\/p>\n
At press time, XRP was trading at $3.05, marking a 1.67% gain over the past 24 hours.\u00a0<\/p>\n
This price increase was accompanied by a 49% surge in trading volume compared to the previous day, indicating strong support from both investors and traders.<\/p>\n
The likely catalyst behind this heightened activity is a bullish breakout.\u00a0<\/p>\n
According to AMBCrypto\u2019s technical analysis, XRP has successfully broken above a long-standing descending trendline that had served as resistance since the 18th of July 2025.<\/p>\n
\u00a0The breakout is confirmed by the daily candle closing above the trendline, signaling potential for continued upward momentum.<\/p>\n
Source: TradingView<\/p>\n Based on the current price action, if XRP holds this momentum, the asset could see a price surge of over 20% and may reach the $3.66 level. <\/p>\n However, the $3.4 level appears to be a key point of interest for XRP, as it could halt the upside momentum.<\/p>\n At present, the asset also needs to hold key levels like $2.93. If this level is breached, a sharp fall could occur to grab the available liquidity below the support level of $2.70.<\/p>\n Technical indicator and expert bullish forecast<\/p>\n At the time of writing, the Supertrend indicator was red and positioned above the asset\u2019s price, signaling a prevailing downtrend and strong selling pressure.<\/p>\n Meanwhile, the Relative Strength Index (RSI) continued to rise, reaching 57.\u00a0<\/p>\n Although this level suggests the asset is approaching overbought territory, there\u2019s still room for further upward momentum before signs of exhaustion emerge.<\/p>\n Looking at the current market sentiment, a well-followed crypto expert<\/a> made a bold prediction. <\/p>\n In a post on X (formerly Twitter), the expert stated that if XRP breaks the $3.05 level, it could push the asset toward a target of $3.60, a move XRP has already achieved with its recent gains.<\/p>\n On-chain data signal mixed sentiment\u00a0<\/p>\n Despite the bullish outlook, Binance\u2019s XRP reserves appear to be continuously increasing, suggesting ongoing dumping and signaling a red flag for the asset.<\/p>\n Data from CryptoQuant reveals that Binance\u2019s reserve has surged by 43 million over the past week, precisely during the period when the asset has shown continuous upside momentum.<\/p>\n![\"XRP](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/09\/XRPUSDT_2025-09-12_15-55-32-e1757672786911.png\"\/)
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