Ripple’s native token sees a modest uptick amid growing investor confidence and legal clarity signals.XRP is trading at $2.99, up 0.33% in the past 24 hours, as renewed optimism around Ripple’s legal standing and potential ecosystem expansion continues to drive moderate momentum.
Although the gain appears modest, XRP’s steady climb above the $2.90 psychological resistance is seen by many traders as a signal of short-term resilience. Market watchers are closely eyeing the $3.10 zone as the next key breakout level.
Technical overview
According to TradingView data, XRP has formed a consistent higher low pattern over the past week, indicating bullish consolidation. The Relative Strength Index (RSI) is hovering around 61, suggesting room for further upside before entering overbought territory. Key support lies at $2.85, while a clean breakout above $3.10 could pave the way for a move toward $3.40.
As shown in the 4-hour TradingView chart below, XRP has broken above the 20 EMA ($2.94) and is currently trading at $2.99, approaching the key resistance zone at $3.10. Support is holding firm at $2.85, with the RSI at 52.64, indicating neutral momentum and room for further upside. A confirmed breakout above $3.10 could open the path toward $3.40.
What’s driving the move?
The price bump comes amid renewed speculation that Ripple may reach a broader settlement with the SEC, following favorable rulings earlier this year. Additionally, Ripple’s expansion into cross-border payment corridors in Asia and the Middle East is believed to be rekindling long-term investor interest.
Institutional accumulation may also be underway, with several on-chain data providers reporting higher wallet activity among large XRP holders in recent days.