XRP Price Approaches Key $3 Resistance Amid Breakout Potential
XRP faced a rejection at $2.35, followed by a bounce at $2.15 after breaking above a downward-sloping resistance trendline in late April 2025. A retest of the trendline suggests potential for a breakout above $4 rather than a continuation of the downtrend.
Key Developments
- XRP is currently approaching a significant descending trendline on daily charts.
- Recent price movements indicate a shift from lower highs to a possible breakout and retest formation.
- A higher low formed after the breakout signals a structural change towards bullish momentum.
- The trendline has been touched multiple times over five months, making a confirmed close above it crucial.
Resistance Levels
- A bullish close above the trendline would break the bearish structure and set XRP on a path towards $4.
- The immediate resistance level to watch is $3.00; a daily close above this could lead to further gains.
- Key zones include $3.31 (January 16 high) and beyond that, $4.6209 as a longer-term target.
Current trading price for XRP is $2.20.
