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• RSI has climbed to almost 85, flagging potential overbought conditions.
• Volume has risen sharply, driven by retail trader participation.
• Technical breakout from ascending triangle remains intact.

XRP has staged a powerful rally, climbing to $3.45 after months of subdued price action.

The Ripple-affiliated token, which had remained below $2.20 for a prolonged period, has now broken through key resistance levels with strong momentum.

The recent price action has captured market attention, as technical indicators, surging volume, and a bullish structure continue to support further upside—though overbought signals are beginning to emerge.

XRP rally led by price breakout above key resistance levels

The sharp move came after XRP broke out of a textbook ascending triangle pattern earlier this month, clearing major resistance points with little pushback.

The rally accelerated after the token crossed $3.20, continuing its upward trajectory to the current $3.45 level. This breakout confirms a significant shift in market structure.

Technically, XRP’s moving averages remain aligned in a bullish formation, with the 50, 100, and 200-day exponential moving averages stacked in favour of continued upside.

This alignment acts as a support base for the token and could cushion any short-term pullbacks, provided sentiment remains strong.

However, the pace of the recent rally raises the possibility of increased volatility.

RSI climbs to almost 85

While price action remains positive, the relative strength index (RSI) has reached almost 85, indicating overbought territory.

Traditionally, such levels suggest that an asset may be overheated, though this alone does not imply an immediate reversal.

Assets in bullish phases can remain overbought for extended periods, especially during momentum-driven runs.

XRP appears to be following that pattern, with price strength fuelled by increased interest and speculative activity.

Nevertheless, traders may remain cautious as indicators begin to flash early warnings of potential exhaustion.

Trading volume spikes as retail interest surges

XRP’s recent gains have been accompanied by a notable increase in trading volume, suggesting broad market participation.

The rally is not solely driven by large holders, as retail traders have stepped in with renewed enthusiasm.

This wider involvement adds weight to the price action and distinguishes it from earlier, less sustainable breakouts.

The current momentum appears supported by fear of missing out, but sustaining it will require continued inflows and market confidence.

XRP eyes $3.60 as next upside target

With the token now trading at $3.45, market participants are watching the $3.60 mark as the next key level.

This aligns with Fibonacci extension levels and round-number resistance.

If volume and sentiment remain strong, XRP could continue its upward push toward this zone.

The technical setup still appears constructive, with the breakout pattern intact and moving averages acting as support.

However, the rapid ascent means that XRP remains vulnerable to any sudden shifts in sentiment or broader market pullbacks.

A retracement could occur if traders begin booking profits at current levels.

The post XRP price hits $3.45 after breakout, technical signals show rally may extend appeared first on CoinJournal.

Key takeaways

• ADA is approaching $0.9 after rallying by over 10% in the last 24 hours.
• The coin could soon overtake Tron’s TRX to become the 9th-largest crypto by market cap.

ADA rallies higher as altcoins dominate

Bitcoin rallied to a new all-time high of $123k on Monday, but altcoins have taken over the show since then. Memecoins such as Dogecoin, Shiba Inu, Floki, Fartcoin, SPX, TRUMP, and Bonk led the way for most of the week, with most of them up double digits in percentages during that period.

The week is coming to an end with the leading altcoins making a strong statement. Ether, the second-largest cryptocurrency by market cap and the leading altcoin, added nearly 9% to its value in the last 24 hours to hit the $3,600 mark.

Cardano’s ADA is the best performer among the top 10 cryptocurrencies by market cap, adding nearly 14% to its value earlier today. The coin was approaching the $0.90 mark before retracing to now trade around $0.85 per coin. 

The positive performance comes after the landmark passing of the GENIUS ACT in the United States, indicating the beginning of regulatory clarity for cryptocurrencies in the country. ADA could rally to the $1 level soon as the bullish sentiment grows stronger in the market.

Furthermore, ADA Open Interest surpassed $1.4 billion on Thursday, reflecting the upbeat sentiment among derivative traders. ADA’s Open Interest is now approaching the $1.5 billion high set in January 2025. The technical outlook suggests a boost in bullish bias that could potentially drive ADA’s price to $1

ADA eyes $1 as bullish momentum grows stronger

The ADA/USD 4-hour chart is bullish and efficient, indicating that the buyers are firmly in control of the market. The coin has surpassed the 0% Fibonacci retracement level at $0.8233, drawn from the December 3 high of $1.3264 to the April 7 low of $0.5110. 

If the bullish momentum persists, ADA could rally towards the 61.8% Fibonacci level at $0.9214 in the coming hours or days. An extended rally would see ADA reclaim the $1 psychological level.

The RSI of 72 shows that ADA is in the bullish zone, while the MACD lines are also positive, suggesting a strong buying pressure. 

However, failure to build upon this momentum could see ADA retest the 50% FIB level at $0.8233. In the event of an extended bearish run, ADA could retest the weekend’s low of $0.6880.

The post Cardano looking to overtake Tron after rallying 10% today appeared first on CoinJournal.