XRP Holds Above $3, Bullish Trajectory Continues
Ripple’s XRP is maintaining its position above the critical $3 level, supported by a strong demand block. This key support acts as a cornerstone for potential growth.
The ongoing positive market structure, marked by higher lows, indicates bullish trends.With funding rates staying neutral, XRP is poised to test the $3.55 resistance.
- $3 serves as robust high-time-frame support
- Bullish market structure evidenced by consecutive higher lows
- Neutral funding rates suggesting stable sentiment
Ripple is expanding its footprint with partnerships like the DBS Digital Exchange, where it will launch a tokenized fund and stablecoin. This move signifies a push towards institutional adoption.
XRP’s price stability around $3, which aligns with the value area high, shows market resilience. Buyers are strongly supporting this level, setting the stage for an uptrend towards $3.55.
Each test of the $3 support sees renewed buying interest. Partnering with BBVA for crypto custody enhances confidence in Ripple’s long-term prospects.
In terms of funding, the 0.02% rate indicates balance between long and short positions. This neutrality supports steady price action, reducing the risk of sudden price swings.
Spot demand is reinforcing current price levels, evidenced by volume behavior. These factors together strengthen XRP’s bullish case.
If the $3 level holds, look for a move toward $3.55. A breakthrough here could lead to more important gains. Price consolidation with neutral funding suggests a solid foundation for future growth.
