$XRP Eyeing the Break! Will $3.50 Hold Before the Next Rally?
XRP/USDT is currently trading at $3.5131, pulling back slightly by -1.30% after reaching a new local high of $3.64. Price is consolidating just above the $3.50 support zone with tight range candles, indicating a potential squeeze before the next leg.
Key Levels to Watch
• Resistance Zone: $3.60 – $3.65
A breakout above this resistance may trigger a new upward wave toward:
• Target 1: $3.75
• Target 2: $3.90
• Support Zone: $3.50 – $3.47
A breakdown from this zone could invite a short-term correction toward:
• Target 1: $3.40
• Target 2: $3.28
Volume Insight
Volume is strong, holding around 291K, signaling healthy buyer interest. To confirm the bullish breakout, price must reclaim $3.60 with high volume.
Trade Setup
Bullish Entry
• Entry: Break and close above $3.60
• Target 1: $3.75
• Target 2: $3.90
• Stop Loss: Below $3.47
Bearish Entry
• Entry: Break below $3.47 with rejection
• Target 1: $3.40
• Target 2: $3.28
• Stop Loss: Above $3.60
XRP is coiling just under resistance and showing signs of strength. A breakout from $3.60 could accelerate bullish continuation, but failure to hold $3.50 may shift the momentum short term. Keep your triggers ready.