$3.65 Level Remains a Pivotal Barrier for XRP’s Next Breakout
XRP is testing investor patience as it remains below the critical $3.65 resistance zone, a level where previous rallies have faltered. The latest 4-hour chart shows that while the asset has staged a strong recovery from late-July lows, it now faces heavy selling pressure near recent highs.
The chart highlights a descending channel pattern that dominated XRP’s trend from mid-May to late June, eventually giving way to a sharp bullish breakout. However, the rally has since met resistance, with the $3.65 area — marked by a historical supply zone — emerging as the key battleground for buyers and sellers.
Support Levels Offer Safety Net for Bulls
Below the current price of $3.26, traders are closely watching $2.85-$2.90 as the nearest demand zone. This green-marked region has acted as a base for multiple rebounds, suggesting strong buying interest at those levels. A deeper retracement could retest the $2.60-$2.65 range, which served as consolidation before the July breakout.
According to crypto analysts, “The market is showing signs of fatigue here. Without strong momentum from Bitcoin or Ethereum, XRP could see more sideways action, or even profit-taking from short-term holders.”
Market Context: Bitcoin and Ether in Focus
While XRP consolidates, Bitcoin is attempting to break past major resistance, with traders awaiting confirmation of a new uptrend. Meanwhile, Ethereum’s rapid climb past $4,200 has drawn significant attention, aided by robust ETF inflows. This broader market backdrop means XRP could quickly join the next leg higher — if bulls can reclaim the $3.65 zone.
“If Bitcoin pushes higher and ETH maintains momentum, we could see XRP attempt $3.80 and beyond,” said BITX derivatives strategist. “But failure to hold above $3.20 could invite a retest of $2.85 support.”
For now, the technical picture signals caution for bullish traders, with the $3.65 ceiling likely deciding XRP’s short-term direction. A clean breakout could unlock a fresh rally, while rejection may extend the current consolidation phase.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.