Saad Ullah
While Bitcoin grabs headlines, XRP's been quietly building something interesting. The third-largest crypto has held firm above $3.25 support despite market volatility, showing the kind of relative strength that often precedes major moves. Technical indicators are aligning, and seasoned traders are taking notice.
XRP Price Action Shows Bullish Foundation
XRP's been playing it steady lately, holding firm above that critical $3.25 mark like it's drawing a line in the sand. The 4-hour chart tells an interesting story – we've got the Bollinger Band midline acting as solid support, while both the 7-day and 14-day moving averages are pointing upward. That's textbook bullish setup territory right there.
What's really catching traders' attention is how XRP's been consolidating in this tight $3.28 to $3.34 range on the hourly charts. Anyone who's been around crypto markets long enough knows that when price gets squeezed like this, something's gotta give. The question isn't if we'll see a breakout – it's which direction it'll go and how explosive it'll be.
Two Scenarios Playing Out for XRP Price
The smart money's betting on a 62% chance we see XRP punch through that $3.34-$3.38 resistance zone. If that happens with decent volume backing it up, we're looking at a potential run toward $3.46-$3.50 where the real battle begins. That's where the big sellers usually show up, so it won't be a cakewalk.
On the flip side, there's still a 38% chance XRP takes a breather and dips below $3.25. If that plays out, we'd probably see it test the $3.20-$3.18 support area. Not necessarily bearish long-term, but it would definitely put the brakes on any immediate upward momentum.
Key Technical Signals to Watch
The MACD's getting interesting on both the 4-hour and daily timeframes – looks like it's setting up for a bullish crossover. Meanwhile, the RSI's hanging around the midline, which basically means the market's in neutral gear but ready to shift into drive.
Volume's been pretty modest during this consolidation phase, but that's actually normal. The real test comes when price starts making its move – that's when we'll see if there's enough buying power to push through resistance or if the sellers step in to defend their turf.
Saad Ullah
