- XRP is trading within an ascending triangle, historically leading to an upside breakout in 70% of cases.
- A break above $3 could trigger a rally toward $3.2–$3.4, with analysts setting a long-term target of $5.8.
- Failure to surpass resistance may lead to extended consolidation or a retest of support near $2.50.
XRP is nearing a critical resistance level, with technical indicators pointing to a breakout scenario.
The 12-hour chart reveals the formation of an ascending triangle, a bullish pattern that typically results in an upward breakout 70-75% of the time. This structure suggests that if buyers can push XRP beyond $3, the price could surge toward the $3.2–$3.4 range.
Analyst Dark Defender has shared optimism about XRP’s trajectory, suggesting that clearing the $3 resistance zone could open the door for a rally toward $5.8, a projection that aligns with the 261.8% Fibonacci extension level.
However, for this to happen, XRP must overcome strong selling pressure and maintain momentum above key resistance levels.
XRP’s Struggle at $3 Resistance
Despite the bullish setup, XRP is still struggling to break past $3, which has acted as a major resistance barrier. Multiple rejection wicks near this zone indicate that sellers are actively defending this level.
A decisive breakout above $3 with strong volume would be a confirmation of bullish momentum, while another failure could result in continued consolidation or a potential pullback toward $2.50–$2.60.
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Technical Indicators Signal Potential Shift
The 4-hour chart shows that XRP is consolidating just below the $2.74 resistance level, where buyers and sellers are fighting it out.
The Relative Strength Index (RSI) is at 44.52, suggesting that XRP is in a neutral to slightly oversold zone. If the RSI moves above 50, it would indicate a shift toward increased bullish momentum.
The Bollinger Bands are tightening, which suggests reduced volatility and an upcoming breakout.
If XRP closes above the upper Bollinger Band (~$2.74), it could trigger an upward move toward $3.2–$3.4. However, if the price fails to hold support around $2.50–$2.60, a deeper retracement toward $2.30 or even $1.86 could follow.
Key Levels to Watch for XRP Weekend Traders
The 200-day EMA (Exponential Moving Average) is currently acting as a key resistance level near $2.64. A golden cross between the shorter-term 50 EMA and 200 EMA would signal a bullish trend shift, but XRP needs strong buying volume to confirm this move..
The MACD histogram remains flat, indicating that traders are waiting for a clear directional move before making big bets. A bullish crossover on the MACD line would confirm that momentum is shifting toward the upside.
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Decision Time for XRP: Breakout or Rejection?
With XRP trading in a decision zone, the next few sessions will be critical in determining whether bulls have the strength to push past $3 or whether sellers will once again force a rejection.
If volume increases and XRP closes above $3, a breakout toward $3.2–$3.4 is likely. However, if momentum weakens, XRP may see an extended consolidation phase or a drop toward $2.50 before another breakout attempt.
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