Ripple price analysis (Bullish) — 2.98 USDT (+5.10% 24h)

XRP is showing strong momentum with a 5.1% surge over the past 24 hours, pushing the price to $2.98 against significant $432M volume. The rally has pushed RSI into overbought territory at 70.34, suggesting potential near-term consolidation. However, the price remains above both the 20-day SMA ($2.95) and 50-day SMA ($2.89), indicating the underlying trend remains bullish. The 2.77% volatility reading suggests relatively stable price action despite the gains. Traders should watch for a break above the psychological $3.00 resistance level, which could trigger further upside. Consider taking partial profits near current levels given the overbought RSI, with stop-losses around $2.85. For new positions, wait for a pullback toward the $2.90-$2.92 support zone for better risk-reward entries. The high volume confirms institutional interest remains strong.