XRP Just Pulled a V-Shaped Comeback—Is $3.40 Next?
XRP isn’t just bouncing back—it’s charging ahead. After a sharp correction, the digital asset has staged a textbook V-shaped recovery, and smart money is paying attention.
📈 Institutional buyers are back.
📊 Technicals are lighting up.
🔥 And yes, $3.40 is now on the radar.
Here’s why this XRP rebound is more than just a bounce—it’s a potential breakout in motion.
💥 What Triggered XRP’s Comeback?
XRP recently nosedived to $2.307—a sharp sell-off that rattled short-term traders. But here’s the twist: volume surged, and buyers stepped in fast. That wasn’t panic. That was positioning.
According to CoinDesk Research’s technical analysis model, XRP found strong support at $2.32—a zone that triggered heavy institutional buying during peak volume.
And what happened next?
Higher lows. Stronger momentum. Volume spikes.
That’s a bull signal with teeth.
🧠 The Technicals: What You Need to Know
Let’s break down what the charts are screaming:
- ✅ V-shaped recovery is in full swing, with higher lows leading the charge.
- 📊 Open interest is up 53%, now at $5.06 billion—bulls are loaded and ready.
- 🔥 Key resistance at $2.36 has been breached.
- 📈 Price hit new local highs at $2.369 during a volume spike at 02:03.
- 🧱 Strong support holds at $2.35–$2.40, providing a launchpad for more upside.
📌 The Bullish Target: $3.40 (And Beyond?)
Multiple analysts are now eyeing a breakout. According to advanced wave pattern analysis, XRP could surge to $3.33, and if momentum continues, $5.86 is not off the table.
With global economic tensions and regulatory uncertainty swirling, XRP’s resilience is turning heads.
This isn’t just a recovery—it’s a momentum shift.
⏱️ Momentum Snapshot (Technical Highlights)
Here’s how the last 24 hours shaped up for XRP:
- 🔻 Dipped to $2.307 at 16:00 (high-volume capitulation).
- 🔄 Buyers jumped in around $2.32, reversing the trend.
- 📈 Steady climb with volume surges between 13:00–14:00 and again at 01:52–01:55.
- 💪 Now holding strong above $2.368 with low volatility—a classic pre-breakout pattern.
⚠️ Bottom Line: Is Now the Time to Pay Attention?
If you’re waiting for a perfect setup, this may be it. XRP just:
- Reclaimed key levels
- Bounced on strong volume
- Attracted institutional capital
- Formed a classic V-shaped breakout setup
$3.40 is the next psychological target, and the technicals say it’s within reach.
So whether you’re trading short-term or eyeing long-term positioning, keep XRP on your radar. Momentum is building, and the market’s watching.
