XRP consolidates above key support near $3.00 after a sharp rally, with resistance levels at $3.40 and $3.70 capping upside momentum.
XRP is trading at $3.05, showing resilience despite a volatile week. After gaining more than 40% in recent weeks, the token is now consolidating within a tight range, holding its crucial support zone around $2.90–$3.00.
The chart highlights XRP’s breakout from a prolonged descending channel in June, which sparked a strong upward move to recent highs near $3.70. Since then, the asset has retraced but managed to maintain structure, with the green demand zone between $2.90 and $3.05 acting as a buffer for buyers.
On the upside, the first major resistance sits at $3.40, followed by the next barrier at $3.70, marked in red. If bulls clear these levels, BITX analysts believe XRP could attempt a push toward $4.00, a price not seen in months.
“As long as XRP holds above $3, the broader bullish trend remains intact. A break above $3.40 would be the first confirmation that momentum is returning,” According to BITX market strategist .
Traders point to the healthy trading volume during XRP’s rally as a sign of sustainable interest. However, the lack of a breakout above resistance has kept the token range-bound in recent sessions.
“The $3 support is the line in the sand for XRP right now. Losing that could open the door to a retest of $2.80, but buyers have stepped in repeatedly at this level, showing conviction,” .
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.