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XRP hits a new high! Can the $3.64 resistance level be completely broken?

ChrisLarsen 2025-9-24 14:48 12354人围观 XRP

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XRP has been active recently, traders are bullish, and the price may see a small climax in the short term. So, where exactly is XRP’s next target? Let’s take a look!

Why is XRP bullish?

XRP is currently holding firmly at the $2.94 Fibonacci support level 💪, and the Binance long-short ratio is as high as 3.34, which means that almost 77% of traders are betting long! This shows that most players in the market are very confident in the future of XRP.



In the short term, XRP’s trend is also supported by technical indicators: RSI 54, which is neither overbought nor oversold; The 50-day EMA gives the price a reliable support. In other words, technicals and sentiment are on the bulls’ side 👍.

Outflows show money is accumulating

In the past 48 hours, approximately $66.84 million of XRP has flowed out of the exchange, which means that funds are being locked up and accumulated instead of being sold💰.



This phenomenon usually indicates that there may be room for growth in the market outlook. This "quiet accumulation" in the spot market, combined with the bull-dominated derivatives market, has laid the foundation for XRP's next rebound.

Short-term key prices: $2.95 & $3.64

Technically, XRP has successfully tested a downward trendline breakout at $2.95, which became a local support level. If it holds this price, XRP is expected to start a 22% rise, heading straight to $3.64! 🎯



Of course, if the price fails to hold $2.95, a pullback is likely in the short term, and investors will need to pay attention to whether the support is solid.

The derivatives market is also bullish

Not only do bulls dominate the spot market, but the derivatives market also shows strong bullish power. Binance data shows that the XRPUSDT long-short ratio is 3.34, which means that most top traders are betting long.

In the key liquidation range of $2.932-$3.048, both bulls and bears have plans:

  • The long position is worth $70.18 million.

  • Short position valued at $50.34 million

Judging from the amount of capital outflows, the advantages of bulls are obvious in the short term, and the power of bulls is driving market sentiment upward🔥.



Summarize

At present, XRP has gathered technical support, capital inflow/outflow, and traders’ bullish consensus, and the conditions for short-term rise are already in place💡. Focus on the support level of $2.95. As long as it holds, bulls will still have the opportunity to create another wave of shocks to $3.64.

Of course, risks in the currency circle still exist, so investment needs to be cautious and remember to reasonably control positions and leverage⚠️.

💬 Summary: XRP has the advantage of short-term bulls, with stable technology and strong capital. It is only a matter of time before it hits $3.64! Investors can pay close attention to support levels and market sentiment to seize short-term opportunities.



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