XRP nears $3.30, repeating its historical pattern of touch, consolidation, and potential breakout.
Technicals show bullish momentum with strong volume and support holding above the $2.85 level.
Analysts see $3.30 breakout as the start of price discovery, mirroring XRP’s 2017 rally structure.
XRP is once again moving near a key level that has defined its price cycles in the past. The digital asset has followed a pattern seen during earlier bull markets—touching the previous all-time high, consolidating underneath it, and then breaking out. Market participants are watching closely for a decisive move above $3.30.
XRP Repeats Historical Setup Near All-Time High
XRP’s price movement over recent months appears to mirror its previous market structure from 2017. The cryptocurrency touched its all-time high of $3.30, consolidated below that level, and is now showing momentum toward another attempt to break through.
https://twitter.com/galaxyBTC/status/1945337859977687541
This setup is similar to the pattern observed before XRP surged to new highs during its 2017 rally. According to an analysis prepared by GalaxyBTC, XRP has historically moved in three phases: touch of the all-time high, consolidation, and then a breakout followed by a strong upward trend.
A similar trend has been building since late 2024. XRP is trading above $2.98 and continues to find support between $2.85 and $2.99, which reflects growing buying interest.
Technical Outlook Supports Uptrend Continuation
According to BitGuru, XRP recently pulled back after facing resistance at $3.0371. However, the broader market sentiment remains positive due to the earlier breakout rally and the formation of an inverse head and shoulders pattern. This pattern has often led to strong trend continuations in past market cycles.
Trading volume reached $6.54 billion, showing active participation from traders during the recent uptrend. Market cap now stands at $175.72 billion, with a circulating supply of 59.13 billion XRP. If price action holds above $2.85, analysts suggest XRP could retest $3.05 and push toward the $3.30 mark. A breakout above that level would confirm a trend continuation into uncharted territory.
According to an observation by market analysts, a clean break above the $3.30 zone would mark the start of price discovery. XRP has done this before, and current market data suggests it may be ready to do it again.
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