XRP Eyes Key Resistance Around $3; Rally Possible

XRP is trading around $2.97–$3 and is pressing a decisive resistance zone between roughly $3.08 and $3.25 that traders say will determine whether the token breaks out or resumes a pullback. Technical patterns — a tightening symmetrical triangle, a possible W formation, and an Elliott Wave “wave 3” setup — point to limited downside and the potential for a rapid, parabolic rally if highs are cleared. Analyst targets vary from near-term $3.30–$3.60 to bullish scenarios of about $5 by 2025 or a faster run toward roughly $6.9 if price closes above $3.25. Macro flows (including Bitcoin’s recent new all-time high around $125,800) plus rising options volume, open interest, and resumed spot inflows have rotated attention toward altcoins, though retail positions look more aggressively long than large accounts. A high-volume close above the resistance would be needed to confirm a sustained rally; otherwise support near $2.65 could be tested, and readers should weigh analyst enthusiasm and promotional narratives against technical and on-chain evidence.