XRP Must Break Key Range to Reach $3 Milestone

XRP is currently navigating a critical trading zone that holds the key to its next major move. Traders and investors are closely watching the $2.3 to $2.5 range, which will likely dictate Ripple’s trajectory and potential path toward the $3.1 target.

XRP Analysis

The Daily View

Ripple’s upward momentum has recently stalled, encountering resistance around $2.7, which forms part of a long-term descending wedge. After being pushed back from that level, XRP has entered a period of sideways movement, now consolidating within a tight band between $2.3 and $2.5. This zone marks the convergence point of the previously mentioned wedge structure and has become a focal point for buyers and sellers alike.

This sideways phase may also reflect a technical retest of the 100-day and 200-day moving averages—both of which XRP has recently reclaimed. These averages can act as dynamic support levels, potentially attracting renewed demand into the market if held. Given the narrowing range, a breakout seems inevitable, with its direction setting the tone for Ripple’s next phase. A move above $2.5 would position XRP for a momentum-driven push toward the notable resistance at $3.1.

Zooming in: The 4-Hour Chart

In the shorter timeframes, XRP has managed to stay within a broader uptrend, recently bursting above the upper boundary of its descending wedge. However, the upward surge proved short-lived, as sellers rejected the rally near $2.7, causing the price to slip back into the wedge. This quick reversal may indicate a bull trap or a false breakout, which often signals uncertainty or a lack of strong buying conviction at higher levels.

At the moment, support at $2.3 is holding firm—currently acting as a baseline where buyers are likely to regroup. Should this level sustain, XRP could stage another rally attempt, eyeing the $2.7 resistance once more. Yet, for the market to commit to a clear direction, Ripple must first break out of the $2.3 to $2.5 range.

Related: Expert Advice: Sell XRP If You’re Confused

If XRP rallies past $2.5, the path ahead opens up to a potential run toward the $3.1 zone, historically a significant resistance region. On the flip side, if it breaks down below $2.3, a deeper correction toward $2 becomes probable. This drop could be intensified by a wave of liquidations from overleveraged long positions or general panic selling during high market volatility.