Technical Outlook: XRP bulls push for breakout above $3.00

XRP is showing renewed strength after holding above the 50-day Exponential Moving Average (EMA), currently positioned at $2.92, translating to intraday gains of just over 3-4% on Thursday.

📊 Momentum Indicators

The Relative Strength Index (RSI) has climbed to 57, signaling easing selling pressure and strengthening bullish momentum.

The Moving Average Convergence Divergence (MACD) remains in buy mode after Wednesday’s bullish crossover, further validating buyer interest.

📈 Price Structure
Since mid-July, when XRP hit its all-time high of $3.66, the asset has remained in a broader downtrend. A decisive breakout above the descending trendline on the daily chart could mark a major shift in sentiment and confirm the beginning of a bullish reversal.

⚠️ Key Levels to Watch

Upside target: $3.00 psychological level, with secondary resistance at $3.17, where supply could slow momentum.

Downside risk: If profit-taking occurs, traders will be watching the 50-day EMA ($2.92–2.93) and the 100-day EMA ($2.84) for potential support.

🔎 Outlook
XRP bulls remain cautiously optimistic. Sustained buying pressure could pave the way for a clean break above $3.00, but the market must overcome profit-taking hurdles to confirm a broader uptrend.

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