XRP Needs to Break $3.30 Resistance for Bullish Momentum

XRP continues to trade within a tight range, prompting analysts to argue that significant upward progress is unlikely until the asset breaks through the critical $3.30 resistance level. While XRP has managed several rallies in recent months, it remains locked within a predictable channel between $2.00 and $2.50, suggesting ongoing consolidation without definitive bullish momentum.

Market movements since mid-2023 highlight this consolidation, as XRP frequently bounces off the $2.00 support while struggling to breach the $2.50 resistance. This channel has formed a temporary equilibrium, frustrating investors who have been looking for strong directional shifts. According to The Great Mattsby’s technical analysis on the weekly chart, the repeated failure to clear $2.50 reveals a strong resistance ceiling that is capping any potential upward momentum.

Still, the support level at $2.00 plays a key role by providing a consistent foundation during bearish pullbacks. Should this level crumble, analysts expect XRP might revisit the $1.50 mark, introducing the risk of a deeper retracement. On the other side of the spectrum, the elusive $3.30 resistance remains unbroken since January — a level that previously sparked rallies but has since turned into a formidable psychological barrier.

Breaking $3.30 would not only signal bullish strength but also potentially mark the beginning of a new upward cycle for XRP. However, recent efforts to surpass the $2.50 mark lacked the conviction needed to approach the higher barrier effectively.

Applying Gann angles to the analysis adds another dimension to the current consolidation. The chart’s green Gann angle intersecting at $2.00 highlights this zone as critical support. As long as XRP holds above it, bulls still have a structural cushion to work with. A breach of this angle would not only weaken bullish setups but could also enhance the chances of XRP dipping toward or below $1.50.

Meanwhile, the chart’s orange Gann lines identify possible price movements within the existing range but echo the broader consensus: unless XRP climbs beyond $3.30, any rally is prone to exhaustion. Investors may continue to observe XRP fluctuating between $2.00 and $2.50, with resistance consistently forcing rejections.

Adding a note of optimism, Egrag Crypto shared an analysis spotting a potential pattern in XRP’s trajectory aptly named “3 Hammers and 3 Rockets.” In this pattern, the “Hammers” denote three key lows, often found at the cusp of support zones, while the “Rockets” illustrate three subsequent attempts at bullish accelerations. This repetition may be a sign that XRP is building pressure for a breakout from its consolidation band.

More intriguingly, Egrag forecasts that a breakout could arrive by mid-June 2025, with gains extending as far out as August or September 2025. This prospective move is seen as the ‘final thrust’ in XRP’s ongoing bull cycle. If this scenario plays out, XRP will likely exit from the descending channel it’s been trapped in, potentially launching into stronger price territory.

However, the analyst remains cautious, recognizing that without a verified breakout from this channel, XRP could still create lower lows, continuing the lateral pattern that has defined its performance for much of the past year. Until then, enthusiasts are encouraged to watch the $3.30 level closely, as it remains the technical gatekeeper to XRP’s next major rally.

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

For more insights, see this forecast on where XRP might head in the coming months.