XRP price is at a pivotal point: a decisive breakout above $3.10–$3.15 would validate a bullish continuation toward $3.40, while a close below $2.84 risks
XRP price is at a pivotal point: a decisive breakout above $3.10–$3.15 would validate a bullish continuation toward $3.40, while a close below $2.84 risks a drop toward $2.55. Monitor volume and RSI for confirmation within the next 24 hours.
What is the XRP price outlook today?
XRP price is consolidating under a long-term descending trendline around $3.04, with a breakout above $3.10–$3.15 required to resume the mid‑July uptrend. Failure to hold $2.84–$2.79 would invalidate the bullish case and likely push price toward the 200‑day EMA near $2.55.
How can traders spot a valid XRP breakout or breakdown?
Look for a daily close above $3.10–$3.15 with expanding volume and RSI moving above 60 as confirmation of a bullish breakout. Conversely, a daily close below $2.84 with rising selling volume and RSI slipping below 50 signals a bearish breakdown. Use stop placement and risk sizing accordingly.
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XRP is currently trading near $3.04 and remains capped by a descending resistance that has limited rallies since the August peak. Price compression inside a narrowing structure signals a short window for a decisive move. Traders should prioritize confirmation over anticipation.
XRP/USDT Chart by TradingView
The immediate upside target after a validated breakout is the next major resistance at approximately $3.40. A successful breakout would likely end the current consolidation and resume the rally that began in mid‑July. Monitor intraday candles for follow‑through above $3.15.
Primary technical supports are the 50‑day EMA near $2.84 and a deeper floor at $2.79. A breach of these levels would likely lead XRP back to the 200‑day EMA ~ $2.55. Volume has been muted, indicating market participants are awaiting a trigger.
Momentum indicators are neutral; the Relative Strength Index (RSI) sits at 56, leaving room for a strong move in either direction. Narrowing volatility often precedes rapid directional expansion, making the next 24 hours a likely window for the pivotal move.
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The $3.10–$3.15 zone represents the short‑term swing high cluster and the descending trendline confluence. Clearing this zone would remove a key resistance and attract momentum traders, increasing the probability of a rally to $3.40. Failure to clear it increases the chance of range continuation or a breakdown to the 50‑day EMA.
Confirm with a daily close above $3.10–$3.15, rising volume, and RSI moving above 60. Look for follow‑through on subsequent days and higher lows forming on intraday charts.
After a breakout, XRP can accelerate toward $3.40 within days if momentum and volume align. On a breakdown below $2.84, expect a more gradual decline toward $2.55 unless selling intensifies.
The structure is neutral-to-bullish conditional on a breakout above $3.10–$3.15. Without that breakout, the risk profile shifts bearish, especially if $2.84 support is lost.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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