XRP consolidates above $2.73 macro support as analysts target a breakout at $3.30.
Trading volume surged 120%, showing strong market activity while price steadies near $3.00.
Analysts see $2.90–$3.30 as key resistance, with upside projections above $5 if broken.
XRP continues to trade inside a descending channel after recently reaching highs near $3.30. The token is consolidating above $2.73, a level that has repeatedly served as a macro support. Current price action shows XRP holding close to $3.00, with analysts keeping a firm focus on $3.30 as the target level.
Price Consolidation Between Support and Resistance
According to an analysis prepared by Egrag Crypto, XRP is moving between $2.73 and $3.30, with repeated tests of these boundaries. The $2.73 zone is described as “MACRO SUPPORT,” providing the base for buyers to defend upward momentum.
https://twitter.com/egragcrypto/status/1959121169417642489
Price stability above this area has reinforced confidence in a potential breakout. XRP traded around $3.03, recording a daily increase of more than 6%. Trading volume surged over 120% in the last 24 hours, reflecting strong participation across exchanges.
Data from CoinMarketCap shows a market capitalization of $180.67 billion, while the fully diluted valuation stands at $303.72 billion. Liquidity has remained strong, supporting steady price movement within the current range.
Breakout Levels and Market Outlook
Analysts point to $3.30 as the resistance level that must be cleared for further gains. “Our objective is clear: $3.30! Any daily closure below this level is just noise, the real signal comes when we close above $3.30. That’s where the magic happens!” stated one analysis.
According to an observation by Crypto Patel, XRP must also defend $2.00 as a deeper support. A break above $2.90 could open the path for an extended rally, with projections suggesting targets above $5 in the short term. Meanwhile, CasiTrades has shifted focus to $3.21 as the next immediate resistance following recent pullbacks.
The legal conclusion of the Ripple and SEC case has also provided relief, while increased global liquidity supports the outlook. As long as $2.73 holds, market watchers remain focused on the breakout objective at $3.30, with expectations of higher levels once resistance is flipped into support.
The post XRP’s Objective Is Clear: $3.30, Analysts Say Any Daily Close Below Is Just Noise appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
