The post Surges Above $3, Traders Eye Move to $4, on Fresh Bitcoin Highs appeared on BitcoinEthereumNews.com.

XRP pushed back over the psychological $3.00 level in early Sunday Asia trade, reversing Saturday’s breakdown that saw the token hit lows near $2.95. The rebound followed a heavy-volume flushout that cleared leveraged longs, with bargain hunters and whales stepping in aggressively. Traders now view the $3.10–$3.30 range as the key battleground, with breakout projections targeting $4.00–$4.20. News Background • XRP ETF filings — seven still live — carry October decision windows that traders frame as “binary” events for Q4 price action.• Ripple’s Japanese partner SBI deepened its lending program tied to XRP last week, fueling institutional integration narratives in Asia.• Broader crypto markets remain volatile after $1.7 billion in derivatives liquidations, though inflows into XRP wallets exceeded 160 million tokens in the past week. Price Action Summary • Rejection at $3.03 on October 4 confirmed near-term resistance.• Breakdown to $2.95 between 13:00–15:00 came on 122M volume — 3x average.• Closing stabilization at $2.96–$2.97 set the stage for Asia-session recovery.• By Sunday morning, XRP pushed decisively through $3.00, flipping the level back into support.• Momentum traders are now flagging $3.30 as the next test, with $4.00+ as the breakout projection. Technical Analysis • Support: Fresh base at $2.95–$3.00 defended by high-volume accumulation.• Resistance: $3.03 short-term cap, with breakout zone identified at $3.30.• Trend: Higher-timeframe inverse head-and-shoulders pattern intact, eyeing $4.20–$4.80 if $3.30 clears.• Volume: Flushout volumes at 122M signal strong rotation, while Asian hours show renewed whale accumulation.• Momentum: RSI mid-50s suggests neutral-to-bullish bias; MACD trending toward bullish crossover. What Traders Are Watching • Can XRP sustain closes above $3.00 and build a base for a run at $3.30–$3.50?• SEC’s October 18 ETF decision window and spillover into altcoin ETF approvals.• Whale wallet flows and on-exchange reserve changes as positioning drivers.• Macro backdrop: Fed’s dovish pivot and Asian liquidity flows…

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Filed under: News - @ October 5, 2025 5:27 am