XRP Price Action: Holds $2.30 Support, Bulls Eye $3.10 Target on Breakout Above $2.65 Resistance

• XRP remains above the $2.30 support, holding bullish structure after breaking a long-term descending trendline.
• Resistance between $2.61 and $2.65 is critical; a breakout may push price toward $3.10 and $3.3967.
• Volume heatmaps show strong historical demand near $2.00, with buyers likely stepping in at $1.47–$1.60 if price dips.

XRP continued to hold steady above the $2.30 support level on May 28, 2025, as the token maintained upward momentum. Analyst EGRAG CRYPTO emphasized that “the momentum is there,” adding that $2.61 and $2.65 are critical resistance points. A breakout above these levels could trigger a surge toward the $3.10 zone.

The price structure shows XRP breaking above a long-term descending red trendline. This breakout came with strong volume, hinting at bullish sentiment. The token now trades at approximately $2.30, with visible support from the 0.888 Fibonacci retracement level near $2.30. EGRAG noted,

 “The chart has been updated, but the content from my May 20 post remains just as relevant.”

Volume Profile Supports Demand Around $2.00

A separate Binance 1-hour heatmap shows significant historical volume concentration between $1.90 and $2.10. This volume-at-price profile suggests XRP may revisit this area to collect liquidity if short-term selling pressure increases. CryptoLabs questioned the likelihood of XRP dropping to $2.00, asking,

 “How likely is it that XRP will fall back to $2.0 and collect liquidity there?”

However, the current structure still favors bullish continuation unless XRP loses support at $2.30. Price clusters near $2.20 and $2.15 add further short-term support.

Breakout Targets for XRP Still $3.10 and $3.39

According to EGRAG CRYPTO’s chart analysis, XRP’s first major upside price target is $3.10, followed by $3.3967 if bullish continuation holds. The pattern highlighted by EGRAG outlines a ‘zig-zag’ consolidation phase before a possible vertical push. The yellow and green boxes above reflect those critical breakout zones.

Despite volatility, XRP has avoided closing below the 0.786 ($1.6126) and 0.702 ($1.2038) retracement levels. A sharp drop below these levels could signal a deeper retracement, but for now, the trend remains intact. 

A “Still Holding” label on EGRAG CRYPTO’s chart further suggests his conviction in this current market setup. The analyst’s visuals also point out a “fishing hook” pattern in the $1.47–$1.60 zone, highlighting it as the spot where long-term buyers may step in if XRP’s price dips.