XRP Price Flashes Buy Signal After Breaking Out, Eyes $3 Run
By: captainaltcoin|2025/05/10 18:30:09
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The Ripple (XRP) price has officially broken out from a multi-month descending triangle that has kept it trapped since January. As the broader crypto market sees renewed momentum, XRP is showing signs of joining the rally. On the daily chart, XRP surged past key resistance around $2.40, confirming a breakout with growing bullish volume.This move is catching the attention of many traders, like Crypto Candy (@cryptocandy24x), who believes it’s XRP’s turn to shine after Bitcoin and Ethereum made their moves. The analyst pointed out that XRP is now breaking out on the daily chart and could be the next large cap altcoin to run. He even suggested it might be time to “load some and hold”Source: X/@@cryptocandy24xThe triangle formation had been compressing XRP price for weeks, and this breakout looks clean. The green zone between $2.00 and $2.22 held as strong support during the consolidation phase. Now, the move above the triangle opens the door to targets between $2.93 and $3.39, with the risk-to-reward setup looking favorable. The daily chart reflects this potential as buyers step in just above the 200-day moving average and the previous resistance flips into support.XRP Chart: SuperTrend Flashes Buy SignalPopular on-chain analyst Ali (@ali_charts) also weighed in on XRP’s recent move. According to him, the SuperTrend indicator has just flashed a new buy signal on the daily chart. This is a key technical signal often watched by traders because it combines volatility and trend direction to pinpoint moments when an asset may shift into bullish territory.The SuperTrend indicator just flashed a buy signal for $XRP! pic.twitter.com/I6X7crn1zE— Ali (@ali_charts) May 10, 2025 Looking at Ali’s chart, the signal came after XRP successfully flipped the shaded resistance zone into a support level. The SuperTrend had last flashed a sell signal back in March, which aligned with the previous drop. This fresh “Buy” signal could be the start of a new upward phase for the Ripple price.Read Also: HBAR Breaks Out Strong: Analyst Expects “Massive Bullish Wave” AheadFrom a momentum standpoint, XRP just reclaimed critical levels and is building up bullish structure with higher lows and now a confirmed breakout. If volume continues to build and the broader market maintains its strength, XRP could realistically test the $3 mark in the coming weeks.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post XRP Price Flashes Buy Signal After Breaking Out, Eyes $3 Run appeared first on CaptainAltcoin.
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