XRP Breaks $3 Barrier: Technical Patterns Point to Bullish Momentum

XRP prices surged 3.60% in the last 24 hours, reaching $2.99 on August 27th after climbing from $2.89. The move is attributed to traders anticipating a breakout above the key $3.08 resistance level that has held back recent rallies. Technical analysis reveals a bull flag pattern formation, with key support at $2.89 and resistance concentrated between $3.06-$3.08. Trading volume surged to 167.6 million tokens during Monday’s failed attempt to break $3.08, signaling significant institutional involvement.