While the token has traded in a compressed range for weeks, traders now see conditions aligning for a more decisive move.
Recent price action has kept XRP steady above $3, an area that is acting as an important base of support. Market watchers argue that as long as this level holds, attention naturally turns to the $3.10-$3.30 zone, followed by heavier resistance near $3.60. A clear advance beyond those points could open the door for a run toward the long-discussed $4 milestone.
At the same time, downside risk remains contained. The $2.60 region, previously a strong accumulation area, continues to attract buyers whenever the market dips. That pattern of repeated rebounds has given bulls more confidence that the structure of the chart is leaning upward rather than downward.
Beyond technicals, institutional decisions are adding fuel to the story. Renewable energy group VivoPower has expanded its balance sheet strategy to include larger XRP holdings, directly converting mined assets into the token. Moves like this underline how companies are beginning to treat XRP not just as a speculative trade but as part of a broader treasury plan.
Speculative positioning also tilts heavily bullish. Data from CoinGlass shows nearly four out of five traders in perpetual markets are holding long exposure, with only a minority betting against the asset. While such imbalance can sometimes lead to corrections, when supported by steady volume it often lays the foundation for extended rallies.
All told, XRP finds itself at an important juncture. With a supportive technical base, corporate accumulation, and derivatives markets leaning bullish, the token is entering a stretch where a break higher could reshape sentiment. For now, the $4 level stands as the psychological barrier everyone is watching.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
The post XRP News: All Eyes on $4 Breakout Level appeared first on Coindoo.
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