Ripple’s token consolidates within a key range, testing resistance near $3.10
XRP (XRP/USDT) is showing signs of stabilization above the $3.00 level, holding its ground after a sharp rally from late July. The chart indicates that the token is consolidating within a critical range, with traders watching closely for a potential breakout.
XRP’s immediate support lies around $2.80–$2.85, an area that has acted as a strong accumulation zone since mid-August. A breakdown below this zone could expose the token to deeper retracements toward $2.50.
On the upside, resistance is forming between $3.10 and $3.20, where sellers have capped momentum over the last two weeks. Above that, the chart highlights a major supply zone between $3.40 and $3.70, which rejected XRP in early August.
Trading volume shows a noticeable decline compared to the late-July breakout, suggesting that the current move may be consolidation rather than a trend reversal. Still, analysts note that a daily close above $3.20 could unlock another bullish leg toward $3.50 and potentially $3.70.
XRP is currently trading at $3.02, up nearly 50% year-to-date, making it one of the better-performing altcoins in 2025. BITX Analysts highlight that maintaining the $3.00 level is crucial for sentiment:
“As long as XRP holds above $2.80, the structure remains bullish. A break above $3.20 would likely accelerate momentum toward $3.50–$3.70,” BITX market strategist noted.
However, a failure to defend $2.80 support could lead to a bearish retest of $2.50, putting XRP back into a neutral-to-bearish range.
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.