#Write2Earn

XRP Approaches $3.31 Resistance Following 3.3% Gain, Volume Builds Near Support.

XRP is also in the process of testing an important resistance threshold, having surged by 3.3% over the last 24 hours. Currently, the asset is being traded at the price of $3.30, which is close to the long-term resistance area of 3.31. The trend is steady, each week displaying a modest rise in price.

Historically, similar setups appeared during XRP’s late-2017 rally, though the current pace remains more gradual. Analysts tracking the XRP/USD pair on the 3-day chart note that price action appears more controlled and organic compared to past moves. Despite the slower formation, the structure aligns with previous major surges.

XRP Trades in Tight Range as Buying Volume Builds Near Resistance

The trading range for XRP remains tight, with a 24-hour low at $3.17 and a high reaching $3.30. This positions the asset just below the $3.31 resistance. The lower boundary of support is found at $3.16, offering a stable base from recent market activity. Notably, these levels reflect XRP’s extended consolidation zone between historical levels of $0.0638 and $3.2913, spanning multiple years.

Price has respected both horizontal bands, with long-term buyers entering near the support and sellers active at the resistance. However, as price approaches $3.31, buying volume has started to increase incrementally. The setup continues to show similarities to the late 2017 phase, though without the same volatility spikes.

XRP Holds Above Midpoint Support Amid Repeated Resistance Tests

Past price reactions to these levels provide relevant historical context. XRP’s 2017 breakout occurred after multiple failed attempts at $0.63, eventually leading to a rapid surge past $3.00. The current pattern also reflects earlier periods of accumulation before upward expansion. However, the pace of movement is slower, and the structure appears more developed.#CPIWatch #DeFiGetsGraded #CryptoIn401k #ETH5kNext? $XRP