XRP has flashed signs of renewed bullish momentum after reclaiming a key technical level. Crypto analyst Cryptoes recently pointed out that XRP surged back above the critical $3.14 resistance on the 4-hour chart, a zone that previously acted as a strong barrier for upward movement. Although XRP is currently trading slightly below that level, the broader setup still favors the bulls, provided support holds in the coming sessions. XRP Reclaims Key Resistance Level at $3.14 After days of consolidating below the $3.14 resistance, XRP broke through the barrier during the most recent 4-hour trading session, tapping an intraday high of $3.17. This move reestablished bullish confidence in the market, as it confirmed a breakout above a psychologically and technically important price level. #XRP 4H Back above $3.14 Bulls stepping up pic.twitter.com/4ukO0ksga6 — Cryptoes (@cryptoes_ta) July 31, 2025 As of report time, XRP is trading at approximately $3.09. While that represents a slight pullback from earlier highs, the successful retest of the $3.14 level earlier today may still be seen as a strong bullish signal, especially when viewed within the broader context of the ascending price channel currently in play. Technical Structure Supports Bullish Momentum Cryptoes’ analysis highlights a well-formed ascending parallel channel on the 4-hour chart, marked by pink trendlines. XRP recently bounced off the lower boundary of this channel near $3.05, forming long lower wicks that suggest strong buy-side interest at those levels. The rebound allowed the asset to climb back into the channel and make a run at the mid-range resistance. Supporting this structure, the Parabolic SAR indicator, plotted as black dots, has now flipped below the price. This signal is widely interpreted by traders as confirmation of a potential trend reversal to the upside. With bullish structure forming and indicators aligning, momentum appears to be shifting in favor of buyers, particularly if XRP can maintain price action above the $3.14 threshold. Eyes on the Next Target: $3.30 and Beyond Should XRP hold above $3.14 in the coming hours, the next target lies between $3.30 and $3.35, near the upper boundary of the ascending channel. A strong breakout above this range could signal the start of a new leg higher, particularly if accompanied by a surge in trading volume. However, if bulls fail to reclaim or defend $3.14 convincingly, XRP could retrace toward $3.05, or even as low as the psychological $3.00 level. Such a drop would not invalidate the overall bullish structure unless the lower trendline is decisively breached. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market Context Remains Favorable XRP’s recent strength comes amid a broader altcoin revival and increasing confidence in Ripple’s growing ecosystem. Ripple’s RLUSD stablecoin, which recently crossed $3 billion in monthly volume , has drawn significant attention. Every transaction involving RLUSD burns a small amount of XRP, reinforcing long-term tokenomics and utility. These fundamental drivers are providing additional fuel to the current bullish outlook. Final Thoughts While XRP is currently slightly below the $3.14 level, the recent price action confirms that bulls are re-entering the market with conviction. The rebound into the ascending channel and shift in technical indicators underscore growing upside potential, provided key support levels are maintained. As analyst Cryptoes put it: “XRP 4H back above $3.14. Bulls stepping up.” With the charts beginning to favor buyers once again, XRP’s next major move could be just around the corner. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Says XRP Bulls Are Stepping In After Beating This Hurdle appeared first on Times Tabloid .