Usman Salis
XRP (Ripple) is knocking on the door of a major breakout that could spark its next big rally.
XRP just hit $3.28 and is getting dangerously close to that crucial $3.30 resistance level. For nearly three weeks, a descending trendline has kept XRP capped since its July highs around $3.50. But today might be different – we're looking at a potential breakout that could change everything.
XRP's Technical Setup Looks Ready to Pop
Here's the deal: XRP bounced hard off the $3.00 support and that bounce has serious momentum behind it. If XRP can close above $3.30 today, the next targets are clear – first stop $3.50, then potentially $3.70. That's some serious upside from current levels.
The problem? Trading volume has been weak during this rally. Breakouts without strong volume often turn into fake-outs, and that's got traders on edge.
XRP (Ripple) Support Levels Hold Strong
Even with volume concerns, XRP has solid backup. The 20-day moving average at $3.07 has been holding like a champ, while the 50-day at $2.81 provides the real safety net. As long as these levels hold, the bullish trend stays intact.
What Happens Next for XRP?
If XRP breaks $3.30 without much volume, expect a retest of that level in the coming hours. If it holds, we're off to the races. If it fails? We're probably heading back to $3.07 or even $2.81 before the next attempt.
Usman Salis
