NEW YORK – The price of the digital asset XRP surged on Tuesday, breaking through the significant $3.00 psychological barrier in a display of strong bullish momentum. As of 19:38 UTC on August 6th, XRP was trading at approximately $3.0072, marking a gain of over 1.5% for the day.
According to trading data, XRP spent much of the day consolidating in a tight range below its previous close of $2.9624. However, a sharp influx of buying pressure in the afternoon session propelled the cryptocurrency upwards, leading to a sustained rally that culminated in it breaking the $3.00 mark and briefly touching a high above $3.02 before finding stability.
The breach of the $3.00 level is a significant technical and psychological event for XRP investors. In financial markets, round numbers often act as strong points of resistance where selling pressure can increase. Successfully breaking and holding above such a level can signal renewed confidence in an asset and potentially attract further buying interest.
Market analysts will now be closely watching to see if XRP can establish $3.00 as a new support base, which could set the stage for further gains. The key test for XRP in the coming trading sessions will be its ability to consolidate its gains and hold above this newly captured level. Sustained trading above this price could confirm the bullish breakout and reinforce positive sentiment in the short term.
