XRP Price Retraces After a Strong Rally—Yet the $3 Price Target Remains in Focus

The broader crypto market has entered a pause as the strong upside momentum that dominated the start of 2026 begins to cool. Against this backdrop, XRP emerged as a standout performer, breaking a multi-month descending trend and rallying nearly 28%, placing it among the top gainers in the top 10 cryptocurrencies. However, bulls failed to secure a decisive close above the $2.30 reversal zone, prompting profit-taking that pushed the XRP price

The short-term price action of XRP suggests the upswing has just halted for a while, but not faded. The price has been trading along the upper band of the Bollinger since the breakout, signaling a strong bullish momentum. Although the price faced a rejection from the upper band with volume, it suggests a short-term exhaustion, not necessarily a trend reversal. As long as the middle band or the 20-day MA acts as the support, the bullish bias remains intact.

Besides, the stochastic RSI has reached the oversold zone and is preparing for a bullish crossover. Alongside, the volume has risen in the past few days after remaining flat for a while, hinting towards a strong upswing action after hitting the support at $2.24, if bears hold an upper hand. Even if the bulls fail to defend this range, the 20-day MA or the middle band of Bollinger may act as a base to initiate the recovery.

Can XRP Price Reach $3 This Month?

The broader crypto market is entering a consolidation phase after a strong rally, but XRP’s relative strength suggests the uptrend is not easily invalidated. After gaining over 25% in the past seven days, XRP price continues to attract both institutional and spot demand, keeping the bullish structure intact despite the recent pause. From a technical standpoint, the $2.65–$2.70 zone remains the key turning area.

This range has repeatedly acted as both resistance and support, making it a decisive trend-confirmation level. A sustained breakout and acceptance above this zone would significantly increase the probability of a continuation move toward—and potentially beyond—the $3 target.

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