XRP Poised for Breakout as It Tests Key $3.30 Resistance
XRP price is consolidating small gains below the $3.32 zone and trading above the 100-hour SMA as bulls target a decisive move above the $3.30 resistance. A bearish trend line at $3.288 must be cleared before XRP price can surge toward $3.35 and potentially $3.38 or $3.40. Immediate support lies at $3.20 and $3.15 (76.4% Fibonacci retracement), with a deeper floor near $3.08 and $3.02. Hourly MACD is gaining momentum in the bullish zone, and the RSI sits above 50, signaling rising buy pressure. Traders are watching for a breakout above $3.30 to confirm upside momentum, while failure to clear this level could trigger a pullback toward key support. Clear levels to watch: resistance at $3.30/$3.35 and support at $3.20/$3.15.
Bullish
The article highlights XRP price consolidating just below the $3.30 resistance while technicals (MACD bullish crossover and RSI above 50) signal growing upward momentum. Historically, similar consolidation patterns around key resistance levels have preceded breakouts and rally phases, suggesting a bullish setup. In the short term, a successful breach of $3.30 could prompt a rapid run toward $3.35–$3.40, attracting momentum traders. Over the longer term, clearing this zone would reinforce XRP’s uptrend and could trigger wider market interest, boosting liquidity and volatility positively. Conversely, a failure to clear resistance may lead to a pullback toward $3.20 or lower supports, but the dominant bias remains upward as long as support levels hold.