Despite recent , XRP has remained firm above critical support levels, with technical indicators suggesting a possible breakout. Crypto analysts who closely monitor momentum on the daily time frame, particularly the , indicate that XRP bulls are regaining strength, paving the way for a potential move above the $ 3.60 mark. 

RSI Turns Bullish As XRP Eyes Higher Levels

In his latest analysis on X social media, crypto market expert Dark Defender that XRP’s price structure is , with the $2.85 level emerging as a pivotal point in the current cycle. Previously identified as strong support, $ 2.85 has now flipped into a resistance barrier. 

A sustained push above this threshold could unlock a path toward $3 and beyond, ultimately setting the stage for a potential retest of the $3.6 weekly resistance line. At the time of writing, the price of XRP is $2.87, meaning a surge above $ 3.60 would represent a significant increase of more than 25%. 

On the daily chart, XRP has completed a , with the recent bounce from the $2.74 level marking the start of a new upward wave. The RSI indicator has begun trending upward from , signaling renewed buying momentum. This bullish divergence strengthens the case for a , provided that price maintains its footing above the retracement levels of 23.6% and 38.2%. 

Currently, momentum indicators suggest that XRP’s next target lies in the $2.85 and $3 zone, with the possibility of a stronger increase if volume supports the move. Dark Defender’s analysis underscores that although XRP’s price action remains , its structure continues to align with bullish technical signals, reinforcing expectations of further upside in the near term.  

Analyst Signals Caution As XRP Exchange Reserves Spike

Crypto analyst Greg Miller has on X that have surged to a one-year high—a development often interpreted as a sign of . Sharp increases in reserves typically suggest that more tokens are being moved onto centralized platforms, with investors possibly preparing for liquidation.

The CryptoQuant‘s chart reveals a clear divergence between XRP’s exchange holdings and price action. While the cryptocurrency is consolidating around the $2.7 to $2.9 range, the sharp uptick in reserves reflects . Historically, similar trends have preceded price corrections, and from the $2.74 level confirms that bearish momentum has not fully dissipated. 

According to Miller, the surge in reserves introduces a significant risk in September. While some , the heavy supply in exchanges could cap gains prematurely, stalling any meaningful rally. Without a surge in demand to absorb inflows, Miller argues that XRP’s recovery toward $3 or higher remains unlikely.