XRP Compression Near $3 Signals Possible Bull Break to $4
The post XRP Compression Near $3 Signals Possible Bull Break to $4 appeared on BitcoinEthereumNews.com.
XRP trades near $3 under a descending resistance line as Lark Davis charts a $4 target. A close above $3 with stronger volume could confirm breakout and start a run toward $4. Retail FUD and Teucrium’s ETF launch add mixed signals but keep traders focused on $2.94 support. XRP traded just below a long-standing descending resistance line that has rejected bullish attempts since mid-2025. Prominent analyst Lark Davis shared a chart highlighting a descending triangle pattern, showing the token compressing toward a critical breakout point. At around $2.96, XRP faces immediate resistance near $3.00, while the 20-day EMA at $2.94 serves as its first support line. XRP cannot catch a break! Keeps getting smashed down on attempts to break the descending resistance line. Break the orange line and $4 comes into focus, failure here and you better hope the 20 day EMA at $2.94 holds. Trade XRP now on Bitunix (available everywhere) $700… pic.twitter.com/B0U3fPaSqE — Lark Davis (@TheCryptoLark) October 7, 2025 XRP Bulls Target $4 If Breakout Holds Lark Davis highlighted $4 as the upside target if XRP can break above its trendline resistance. A successful breakout could invalidate the bearish structure and trigger a sharp rally. The first technical hurdle after breakout sits around $3.40, a zone that may determine momentum toward the $4.00 measured move. XRP Momentum Indicators Stay Neutral The Relative Strength Index (RSI) hovered near 44, showing neutral momentum, while the MACD flattened around the zero line, indicating a lack of clear direction. The Chaikin Money Flow (CMF) is slightly positive but weak, reflecting cautious inflows. Volume hasn’t yet shown the surge typically seen before a major move. With XRP trapped between the $2.95 to $3.00 zone, the coming sessions could decide its medium-term trend. A clean close above the descending resistance line may ignite a…
