After a strong breakout above the $3.00 area, XRP is showing signs of stagnation under selling pressure at the important resistance level of $3.10. This development is attracting the attention of investors as this altcoin has outperformed both Bitcoin and Ethereum in the recent uptrend.

Strong Uptrend

In recent trading, XRP has initiated a new uptrend from the support level of $2.820, continuously breaking through important resistance levels at $2.920 and $2.950.

The biggest turning point comes when the price successfully surpasses the $3.00 threshold, attracting new buying forces from the market. The upward momentum only halts when the price approaches the $3.10 area, where strong selling pressure appears and creates a temporary peak at $3.106.

On the hourly XRP/USD chart, negative signals were recorded as the price broke below the support trendline around $3.065. Currently, XRP remains trading above $3.00 and the 100-hour SMA, indicating the overall trend still favors the buyers.

Important Resistance Levels

  • Nearest resistance: $3.10

  • Major resistance: $3.120 – if there is a clear breakout above this level, the price may aim for $3.150.

  • Next target range: $3.20 – $3.212.

  • Next strong resistance: $3.250 – this is the level that will test the true strength of the bulls.

Scenario If Unable to Break $3.10

If XRP cannot break through $3.10, a downward correction may occur.

  • Initial support: $3.00

  • Important support: $2.950 – if this level is breached, selling pressure could pull the price back to $2.920 (coinciding with the 50% Fib level of the move from $2.730 to $3.106).

  • Stronger support: $2.880 – this is the area that buyers are likely to defend vigorously.

Technical Indicators

  • MACD (hourly): Losing upward momentum, indicating that buying pressure is temporarily weakening.

  • RSI (hourly): Maintaining above the 50 level, reflecting that the overall trend remains positive but there is potential for short-term correction.

Conclusion

Currently, XRP is at a crucial moment: either breaking through $3.10 to aim for higher price levels, or facing short-term corrective pressure towards support levels. The bulls still hold the advantage, but a strong enough push is needed to break through the current technical barriers.