XRP just made headlines with a $1 billion transfer, fueling speculation and shaking up the crypto market. As trading activity surges, investors wonder if it will break above $2.50 and push toward $3.00, or if it will drop to $1.79.

XRP Price Action: What’s Moving the Market?

XRP recently dropped but found stability around $2.30, holding onto a critical support level. The asset lost bullish momentum after falling below a key ascending trendline, signaling uncertainty. However, the 100-day Exponential Moving Average (EMA) at $2.28 has provided strong support, preventing further losses.

On the upside, it needs to break past $2.50, a resistance level aligned with the 50-day EMA. If XRP crosses this mark, it could spark a rally toward $2.75 and even $3.00 in the coming weeks.

If the $2.28 support fails, the next safety net sits at $1.79, near the 200-day EMA. A drop below this point could accelerate losses toward $1.50, signaling a bearish phase.

Bullish Outlook: Can XRP Reach $3.00?

If buyers step in and XRP holds above $2.28, momentum could push the price past $2.50, triggering a rally toward $2.75. Strong buying pressure could send it beyond $3.00, strengthening bullish sentiment across the market.

XRP’s recent surge in trading volume suggests rising investor interest. If whales continue accumulating, the token could gain momentum, leading to a stronger breakout. The next few days will determine if XRP maintains this bullish trajectory.

Bearish Outlook: Will XRP Drop to $1.79?

If selling pressure increases, XRP could test $1.79. Failing to hold this level may cause further losses toward $1.50, signaling a prolonged downtrend.

The inability to reclaim $2.50 resistance could weaken market confidence. Broader uncertainty in the crypto space may add additional pressure, making traders more cautious about XRP’s next move.

What Traders Should Watch

XRP is at a turning point, and the next few trading sessions will be decisive. The battle between $2.28 support and $2.50 resistance will likely determine its short-term direction.

Traders should monitor breakout confirmations before entering positions. Investors with a long-term outlook should track institutional activity and market sentiment, as these factors often drive price trends.

Read Also: Will XRP Hold $2.08 Support, or Is a $1.65 Freefall Inevitable?

With a $1 billion transaction sparking volatility, XRP’s price is set for significant movement. A breakout above $2.50 could signal bullish momentum toward $3.00, while a drop below $1.79 could trigger deeper losses.