XRP Breaks $3, Eyes Set on $4 Amid New Bitcoin Highs

XRP Rebounds Above $3, Eyes $4 as Market Momentum Builds

XRP climbed back above the $3.00 mark in early Sunday Asia trading, reversing Saturday’s dip to $2.95. The rebound followed a high-volume flushout that cleared leveraged longs, attracting bargain hunters and whale activity. Traders are now focusing on the $3.10–$3.30 range as a critical battleground, with a breakout potentially pushing XRP toward $4.00–$4.20.

Key Market Catalysts

ETF Filings: Seven XRP ETFs remain active, with October decision windows seen as pivotal for Q4 price trends.
Institutional Adoption: Ripple’s Japanese partner SBI expanded its XRP lending program last week, reinforcing institutional integration narratives.
Market Context: Despite $1.7 billion in derivatives liquidations, XRP wallets recorded inflows exceeding 160 million tokens over the past week.

Price Action Highlights

Rejection at $3.03 on Oct. 4 confirmed short-term resistance.
A brief drop to $2.95 during 13:00–15:00 occurred on 122M volume, three times the average.
Stabilization at $2.96–$2.97 enabled recovery during Asia-session trading.
By Sunday morning, XRP reclaimed $3.00, flipping the level back into support.
Traders are eyeing $3.30 as the next resistance, with $4.00+ as a potential breakout target.

Technical Analysis

Support: $2.95–$3.00, reinforced by high-volume accumulation.
Resistance: $3.03 short-term cap; breakout zone at $3.30.
Trend: Inverse head-and-shoulders pattern intact; targets $4.20–$4.80 if $3.30 clears.
Volume & Momentum: Flushout volume of 122M indicates strong rotation, with whale accumulation in Asian hours. RSI in mid-50s suggests a neutral-to-bullish bias; MACD trending bullish.

Trader Watchpoints