$XRP Bulls Coiling Below Breakout — Can $2.97 Give Way for $3+ Move?
$XRP/USDT is trading at $2.9597, holding gains from recent sessions and consolidating tightly under the $2.97 resistance. This level has proven sticky, capping intraday rallies. However, increasing volume and strong bid momentum suggest bulls may be prepping for a breakout push above $3.
Key Technical Zones
• Resistance Zone: $2.9680 – $2.9730
A breakout above this region could trigger a quick move toward $3.02 and possibly $3.08 on momentum continuation.
• Support Zone: $2.9500 – $2.9400
Losing this area may expose XRP to a retest of $2.92 and eventually $2.88 if sellers regain control.
Trade Setup
Bullish Play
• Entry: Above $2.9730 (confirmed breakout with volume)
• Target 1: $3.0200
• Target 2: $3.0800
• Stop Loss: Below $2.9450
Bearish Play
• Entry: Below $2.9400 (breakdown from range support)
• Target 1: $2.9200
• Target 2: $2.8800
• Stop Loss: Above $2.9600
What to Monitor
• Price and candle closes above $2.973
• Volume breakout or rejection with large sell walls
• 15M or 1H RSI divergence near the top of range
• Behavior around key round level at $3.00
With XRP compressing near resistance and volume building, a breakout attempt seems imminent. Eyes on the $2.97–$3.00 zone — the bulls are knocking.