After a brief dip below $3 on Wednesday, the Ripple XRP cryptocurrency is set for a rebound and breakout above $3.50, per one analyst. The asset has been steady at the $3 mark or just above it in the last 30 days, up 30% in that period.
After Trump slapped India and Brazil with 25% and 50% tariffs, respectively, the markets remain in muddy waters. Dow Jones is down nearly 600 points since then, while the Nasdaq Composite dipped by 225 points. In addition, the S&P 500 index has shed nearly 85 points, and the downturn persists. All of these pushed XRP below the $3 mark, but the asset is showing resilience and is back at $3.02.
In addition, with XRP ETF momentum building up, the token is now forging a new trajectory, aiming for high price levels and shifts in the meantime. One analyst reveals that with its recent resilience at $3, XRP to $3.50 could come soon. “XRP is stabilizing after a pullback from the recent surge, with consolidation forming near the psychological 3.00 level,” market analyst Lingrid says. “Price is respecting the diagonal support and forming a bullish falling wedge just below the previous breakout zone. A breakout above 3.05 could initiate the next rally toward the 3.40 target zone.”
According to Lingrid’s analysis, Ripple XRP is currently nestled in a bullish falling wedge pattern, a well-known reversal structure signaling weakening selling pressure and increasing buyer interest. The price action shows repeated tests of diagonal support, forming tighter compression just under the previous breakout band, hinting at an impending shift in momentum. The recent consistency above the $3 support level is very promising, and a rise above $3.04 could send XRP surging to $3.50 and eventually $4.
Per CoinCodex, XRP’s three-month analysis shows a buildable momentum. The asset is leading the charge amongst altcoins, with its chart showcasing a pathway leading to by $3.53 by November 3, 2025. Furthermore, Moreover, the token’s 6-month chart shows a major trajectory change, with Ripple exploring a new ATH price of $4. “Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 64 (greed). Ripple recorded 19/30 (63%) green days with 12.35% price volatility over the last 30 days. “
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