XRP reclaimed the $3.00 level and is consolidating between $3.17 support and $3.32 resistance after a recent breakout attempt.
Momentum indicators such as RSI (62.78) and MACD show signs of strengthening buyer interest on the short-term timeframe.
The $3.35 level remains a critical breakout zone, with a potential upside projection extending toward the $5.50 mark.
XRP has reclaimed the $3.00 level following a decisive move above previous resistance. The asset’s price was currently hovering near $3.24, reflecting ongoing market attention. Despite recording an 8.7% decline over the past seven days, recent developments indicate a possible resumption of upward momentum.
The price movement follows a clean retest of the $3.00 zone, which had earlier served as a resistance threshold. This level is now acting as a short-term support floor, helping to stabilize price action as it attempts to push higher.
Key Price Zones Define Current XRP Structure
XRP’s price structure is presently framed between two crucial levels—support at $3.17 and resistance at $3.32. The broader chart reveals an extended sideways consolidation below $3.35, a horizontal level that had remained untouched for months. Notably, the breakout past this zone earlier in July marked a shift in momentum. However, a brief pullback brought the price back into the breakout range, where it held above the key $3.00 zone.
https://twitter.com/galaxyBTC/status/1949699228462190827
That same level now serves as the lower bound of a demand zone, reinforced by consecutive rejections of further downside. A narrow consolidation between $3.17 and $3.32 continues, with volume stabilizing around recent averages. The price structure remains technically intact, suggesting further movement could develop should price breach the $3.32 threshold cleanly.
Technical Indicators Indicate Building Strength
Momentum indicators on the 1-hour timeframe support the current stabilization phase. The Relative Strength Index (RSI) reads at 62.78, climbing from a recent low of 50.36. This move above the midline reflects a gradual recovery in short-term momentum, with buyers regaining control during intraday sessions.
Source: TradingView
Meanwhile, the MACD line has crossed above the signal line. Current histogram values show slight bullish divergence, registering 1.26 billion against 1.11 billion. Additionally, the negative MACD volume of -145.77 million continues to decline. This setup suggests pressure may be shifting to the buy side, albeit cautiously, as market participants evaluate short-term catalysts.
Price Action Hovers Near Breakout Levels
The breakout area at $3.35 remains a crucial level to monitor. Price briefly cleared this zone earlier before retesting lower areas. Notably, the chart now shows a green box projection extending to the $5.50 level. This projection highlights the technical reward zone should XRP clear the current congestion area.
Until then, price action is likely to remain reactive between $3.17 and $3.32. The lower boundary at $2.98 remains a broader structural support. Price must remain above this level to preserve the bullish context formed earlier this month. Trading volume, though moderate, continues to support the current range.
