XRP Price Eyes Break Above $3.05 After Holding $2.95 Support
XRP price held above the $2.95 support after breaking past $2.92, forming a contracting triangle on the hourly chart. The 100-hour simple moving average and a lower trendline at $2.98 provided strong support zones.
Technical analysis shows the MACD in bullish territory and the RSI above 50, reflecting buying strength. Immediate resistance levels lie at $3.02 and the key barrier at $3.05.
A clear move above $3.05 could propel XRP price toward $3.12 and $3.15, with longer-term bulls eyeing $3.20. On the downside, a drop below $2.915 may open the door to $2.88 and $2.85.
Traders should monitor these support and resistance levels for entry and exit points.
Bullish
XRP price holds key support and shows bullish momentum across technical indicators. The contracting triangle pattern and 100-hour SMA floor suggest limited downside risk. With MACD in positive territory and RSI above 50, a breakout above $3.05 could trigger further gains toward $3.12, $3.15, and $3.20. This outlook supports a bullish view, as traders are likely to increase long positions on a successful breach of resistance. In the short term, monitoring the $2.98–$3.05 range is essential, while the long-term trend remains positive if bulls maintain control.