XRP news: Price nears $3 breakout as policy tailwinds and miner contracts fuel bullish momentum
XRP hovers near $3 resistance as bullish breakout and passive income products align
Ripple’s native token XRP extended its bullish breakout Monday, trading near $2.95, after clearing a multi-month descending trendline and surpassing the critical $2.71 Fibonacci barrier, a level aligned with the 23.6% retracement from the previous cycle high of $3.40. This breakout also comes during the U.S. Congress’s widely followed “Crypto Week,” which has boosted investor confidence across digital assets.
Highlights
- XRP trades near $2.95 after breaking long-term trendline and key Fibonacci resistance
- XY Miner launches XRP-powered mining contracts amid rising passive income demand
- Momentum indicators suggest further upside if price closes above $2.99 in coming days
XRP now faces a final resistance hurdle at $2.99, with bulls eyeing a full reclaim of the $3 psychological mark in the sessions ahead.
XRP price dynamics (Source: TradingView)
On the weekly timeframe, XRP is printing one of its strongest bullish candles in months. The daily and 4-hour charts both show the asset trading above its key moving averages — with the 20 EMA at $2.79 and the 50 EMA near $2.60 providing immediate dynamic support. The Supertrend indicator remains in buy mode, while the Directional Movement Index shows +DI at 60, confirming a strong bullish trend with no divergence on RSI yet. Analysts suggest that as long as XRP holds above $2.70, the trend remains intact, with $3.20 and $3.40 as medium-term upside targets.
Mining contracts add to bullish narrative
XRP’s breakout also coincides with the launch of a new XRP mining contract initiative by XY Miner, a UK-registered platform offering passive income tools with daily crypto payouts. The firm unveiled multiple tiers of XRP-powered contracts, including options ranging from $100 investments with $6 in returns to $100,000 contracts yielding $168,250. These products come amid rising institutional and retail interest in legal and compliant crypto income opportunities, especially as regulatory clarity continues to evolve in the U.S.
XY Miner stated the contracts are designed to help investors participate in Ripple’s ecosystem without hardware purchases. Entry-level contracts do not require KYC, while advanced tiers allow flexible redemption in both fiat and major cryptocurrencies.
In earlier coverage, we noted that XRP’s bullish structure had been forming under a confluence of trendline and Bollinger Band resistance. That zone has now been broken decisively, with momentum following through above the $2.71 Fibonacci level. Today’s price action and external adoption catalysts reinforce the trend continuation thesis shared in prior updates.
