XRP Price Consolidates Below $3.320, Eyes Move Above $3.350

XRP price is currently consolidating gains below the $3.320 zone, with potential for upward movement above $3.350.

Price struggles to settle above $3.30.
Trading above $3.220 and the 100-hourly Simple Moving Average.
Bearish trend line resistance at $3.288 on the hourly chart.
Potential bullish momentum if it clears the $3.30 zone.

XRP Price Outlook

XRP formed a base above $3.10 and began increasing, surpassing $3.120 and $3.15. The price peaked at $3.30 before retreating, now trading above $3.220.

Resistance near $3.288 may impede upward movement. A breakout above $3.30 could lead to further gains towards $3.350, $3.380, or $3.40, with a major hurdle at $3.450.

Potential Downside Risks

If XRP fails to breach $3.30, it may decline. Initial support is around $3.20, followed by $3.150 and $3.080. A close below $3.150 may lead to further declines toward $3.020.

Technical Indicators

MACD shows bullish momentum.
RSI is above 50.
Major support levels at $3.150 and $3.080.
Major resistance levels at $3.30 and $3.350.