- XRP is trading between support of $3.04 and resistance of $3.14 and needs to break the level to provide a direction.
- A break of between $3.14-3.17 can result in a run to the upside to see $3.33 with a break below its low at $3.04 testing $3.00
- Neutral momentum and low volatility indicate that the market will remain trading within a range until when a break-out happens.
The key resistance is attempting to reclaim XRP after a consolidation period within the USD 3.10-3.14 area. At the time of writing, XRP was trading at $3.11 with a price decrease of 3.4% over the last 7 days based on the most recent close of the 4-hour interval. The resistance area of $3.14, combined with the 21-period moving average are a prominent bullish continuation resistance, which the price struggles to break out of.
The recent 4H chart shows XRP breaking below a previously ascending flag structure. The breakout led to a brief dip near $3.04, a key horizontal support level that has now held multiple times. Price action has since stabilized and is attempting a push back toward the flag’s lower trendline.
The 21-period moving average has now flattened just above the current price, acting as dynamic resistance. A close above $3.14—confluent with both the MA and flag breakdown zone—could trigger a squeeze toward the $3.17 pivot. If that level gives way, the next upside target lies near $3.33, a level aligned with recent swing highs.
Channel Breakdown Indicates Short-Term Caution
The previously rising pink channel, visible in the 4H chart, has now been breached. This breakdown suggests bearish pressure is still active, despite intraday recovery attempts. The dotted Parabolic SAR dots also remain above the candles, reinforcing the ongoing downtrend bias.
Failure to retest the $3.14–$3.17 resistance level may expose XRP to additional losses. A confirmed below $3.04 would invalidate the existing support structure and can lead to a retest of the psychological $3.00 or even $2.95, where previous demand was encountered.
Momentum Remains Neutral as Market Awaits Breakout
While the bearish flag breakdown suggests caution, the support at $3.04 has proven resilient. The market is now watching whether bulls can reclaim control above $3.14. Momentum indicators, not shown, should be neutral because sideways consolidation and low volatility are visible.
Until and unless XRP takes a firm move above $3.17 or below $3.04, price action will most probably remain range-bound. Traders may look for a close of the daily or 4H candle beyond these levels to confirm direction.
