XRP Must Break Out of This Range Before Challenging the $3 Level: Ripple Price Analysis

Ripple has reached the key price range of $2.3-$2.5, with a breakout imminent that will determine the upcoming trend. A bullish breakout will pave the way for a sustainable rally towards the $3.1 range. XRP Analysis Daily Chart The recent bullish trend of XRP has halted at the upper boundary of a long-term descending wedge near the $2.70 level, triggering a bearish pullback. However, the price is currently consolidating within a decisive and tight range between $2.30 and $2.50, bounded by the top of the wedge. This area has become an important battleground between buyers and sellers. The current pullback can also be understood as a retest of the recently broken 100 and 200-day moving averages, potentially bringing demand back to the market. A breakout from this narrow range seems imminent, and the direction of this breakout could determine XRP's next major move. A bullish breakout above $2.5 will open the door for a sustained bullish trend towards the resistance area of $3.1.

4 Hour Chart On the lower time frame, Ripple has maintained a broader bullish structure in recent days, breaking above the descending wedge pattern. However, the asset has faced significant selling pressure around the resistance level of $2.70 and was quickly rejected, falling back into the wedge pattern. This volatility indicates a potential bullish trap and a false breakout. Currently, XRP is holding above the key support level of $2.3, where buying interest may re-emerge. If this level holds, a new bullish wave towards the $2.7 region is likely to occur. However, the market is waiting for a decisive breakout from the consolidation range of $2.3–$2.5.

If the breakout is bullish, the price could quickly surge to the resistance level of $3.1. Conversely, a drop below $2.3 could trigger a sharp decline towards the support level of $2, especially if accompanied by short selling or panic selling from over-leveraged long positions.