XRP Bullrun Nears as $3.30 Resistance Levels Tested

XRP is drawing significant market attention as it edges closer to sustaining a breakout above the key $3.30 resistance level, signaling potential for a strong bullrun. This recent rally comes after XRP rebounded robustly from a steep correction, drawing investor interest back to the token.

After experiencing a decline from its recent peak near $3.60 to a local low around $2.80, XRP managed to find strong buying support around its 50-day Exponential Moving Average (EMA), allowing for a healthy price recovery. At the moment, XRP is trading around $3.07, hovering just below a pivotal resistance zone that could determine whether the asset moves into bullish territory or returns to consolidation.

Technical indicators are offering mixed signals. XRP is currently sitting above the 26 EMA, a trend-following metric considered by many traders to reflect short-term bullish momentum. While this is generally a favorable sign, it’s not enough on its own to confirm a sustained upward trajectory. To ignite a confirmed rally, XRP must close and hold above the $3.30 mark—a level that served as resistance during the last downtrend move. Successfully clearing this level could pave the way for XRP to retest its 2025 high near $3.80, which remains approximately 25% higher from its current level.

On the downside, the $2.80 and $2.60 levels represent key support zones aligned with the 50 and 100 EMAs. If XRP fails to hold these critical levels, it could signal the end of the current bullish thrust and place the token at risk of further decline.

However, momentum seems to be fading slightly when measured by volume. Despite its price recovery, current trading volumes remain modest compared to July’s activity surge, implying that buyers may still be cautious. The Relative Strength Index (RSI), currently sitting near 54, suggests that XRP is in neutral territory. While this allows for more potential upside, it also indicates that market sentiment is far from euphoric.

Elsewhere in the market, Bitcoin has successfully breached the significant resistance level of $115,000, signaling a bullish structural breakout. All major technical indicators, including the 26, 50, and 100 EMAs, are pointing upwards, reinforcing a bullish trend. Despite this, market participants remain skeptical, especially as Bitcoin approaches the critical psychological barrier of $120,000—a level where selling pressure has reappeared multiple times over recent months.

Volume on Bitcoin’s breakout remains somewhat muted, fueling speculation that the current rally could be lacking strong conviction among buyers. The RSI for Bitcoin sits at a balanced 52, leaving further directionality open-ended. For now, price action is likely to stay within a range between $112,000 and $120,000 unless a new catalyst triggers another sharp move.

Meanwhile, Solana (SOL) is presenting an intriguing setup. The asset appears to be in a state of accumulation following a tight consolidation phase, with all three major EMAs converging near the $162 to $165 range. This clustering creates potential for a surge in volatility, echoing the dramatic 84% run seen in late October 2024. Currently, SOL is trading in the $172 zone and pressing against a prior ascending support trendline that now acts as resistance. Should this level be retaken, a strong breakout could be on the horizon.

Solana’s RSI remains below overbought levels, indicating that there is still room for upward movement without triggering immediate sell-offs. Interestingly, while price has bounced, trading volumes have been relatively flat, pointing more towards slow accumulation rather than aggressive distribution. If historical patterns repeat, a sharp increase in volume could accompany the next significant price move.

Related: XRP Price: $12M Max Pain for Bears

For market watchers, all eyes are on XRP’s performance in the coming days. A clear and sustained move past $3.30 could serve as the long-awaited confirmation that XRP’s next bullrun is underway. Investors should remain attentive to market signals while keeping risk strategies firmly in place.