Peter Smith
XRP stands at a critical juncture as traders eye the crucial $3.30 resistance level. A decisive break above this threshold could unleash the next major bullish wave for the digital asset.
XRP Price Faces Make-or-Break $3.30 Level
XRP is trading around $2.99, testing a critical resistance at $3.30 that could determine its next major move. With recent swings between $3.38 and $2.73, the cryptocurrency has formed what appears to be a rounded bottom pattern on long-term charts.
The next 12 days are crucial as traders watch for a monthly close above $3.30. This level represents a key technical barrier that, if broken, could signal the start of XRP's next bullish phase.
Technical Setup Points to Potential XRP Breakout
Previous XRP cycles show similar accumulation phases before major breakouts, making the current $3.30 resistance particularly significant. If XRP secures a monthly close above this level, analysts expect "measured moves" that could propel the asset to much higher targets.
The setup offers a clear risk-reward scenario: bulls need a break above $3.30, while bears would require a breakdown below $2.90 support to maintain control.
Next Steps for XRP Price Action
Recent social media attention, including posts on X highlighting this critical moment, has amplified focus on XRP's price action. The monthly close will likely determine whether XRP enters an explosive rally phase or remains in consolidation.
Should XRP fail to hold above $2.90 support, extended sideways movement could continue. However, the technical foundation suggests any weakness might be temporary, potentially setting up an even stronger breakout when conditions align.
This represents one of the most pivotal moments for XRP in recent months, with the outcome potentially shaping the cryptocurrency's trajectory for the remainder of the cycle.
Peter Smith
