Peter Smith
The action is heating up around XRP as it hovers just under $3 - a price level that's been playing psychological ping-pong with traders for weeks. This isn't just any resistance level; it's been the line in the sand between hope and disappointment multiple times.
What the Charts Are Saying
Trader Xoom points out that cracking this barrier cleanly could be the key to unlocking a run toward $3.35, with the all-time high zone coming back into view.
The 4-hour timeframe is painting an interesting picture right now:
- Descending trendline broken: XRP punched through that pesky downward resistance line from August, which is a solid sign the bears are losing their grip
- $3.00 remains the big test: This is where sellers keep showing up to the party, but their resolve might be weakening
- Clear upside path: Break through and we're looking at $3.35 first, then potentially $3.60-$3.70
- Safety net intact: The $2.75 support zone keeps catching any dips, showing there's real buying interest below
The Bigger Picture
It's not happening in a vacuum. The broader crypto market is feeling pretty good about itself lately, and Ripple's been making steady progress on the regulatory front. That combination is giving XRP bulls the confidence to keep pushing higher. When you've got both technical momentum and fundamental tailwinds, things can get interesting fast.
This is one of those moments where the next move really matters. If XRP can plant its flag above $3 with some serious volume behind it, traders will be looking for that quick follow-through to $3.35 and beyond. But if the sellers dig in their heels again, we might see another trip back to test that $2.75 support. The next few sessions should tell us everything we need to know about whether this breakout attempt has real legs or not.
Peter Smith
