- XRP forms bullish structure above $3.00 after recent volatility.
- $3.25 resistance emerges as crucial breakout point for XRP.
- Analysts eye $3.60 target if current momentum holds steady.
XRP’s price structure is shifting after a week of unpredictable swings and failed rallies. The third-largest cryptocurrency is now printing a more straightforward setup, giving traders renewed confidence in a possible upward breakout.
According to the recent sessions, XRP has been trading above the $3.00 support level and is in a double-bottom formation. The core of this complex is a higher low, after which there is a five-wave increase, which has already returned the price to the level of $3.14, as Ali Martinez opined.
The bullish moves are playing out with XRP, testing the previously mentioned critical level of resistance at $3.25. On July 27 and 28, that price acted as a ceiling and is also becoming a vital decision zone. Traders are intensely interested in witnessing this area breaking out.
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Key Technical Zone Emerges as Breakout Confirmation Point
If the $3.25 level is breached with strength, analysts expect a gradual push into the $3.30 range. A breakout above this can take the trade to its next technical target at $3.60, which has minimal overhead resistance. Market watchers reckon that this figure might be achieved if the ongoing bullish formation persists.
Volume and momentum indicators are beginning to align with the pattern, adding weight to the breakout. A break below $3.25 would, however, discount the formation and may lead to further downward pressure.
The immediate resistance is now tied to the short-term trend in RP. The price action around this level could establish whether bulls remain in control or the asset returns to consolidation.
As things stand, XRP is in a critical phase. It has all the major technical indicators in place and a probable breakout range on the horizon. A sustained move above $3.25 would signal a shift in momentum, placing $3.60 within reach for the first time in weeks.
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