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XRP Tests $3.05 Ceiling as Bulls Watch for Breakout Signal

A breakout would validate a bull‑flag setup with a target near $3.66.

Overview

  • XRP hovered near $3.04 late Monday, up about 2% over 24 hours, as traders gauged a tight range just below recent highs.
  • Short‑term resistance is clustered around $3.03–$3.05, and analysts say a decisive move above that band could start a new leg higher.
  • Failure to clear resistance risks a pullback toward supports near $2.92, $2.85, and potentially $2.80–$2.72 if selling accelerates.
  • Price structure remains constructive above the 200‑day moving average and a value‑area high near $2.70–$3.00, which many view as a base.
  • Commentary highlights pending spot XRP ETF filings and institutional interest as potential catalysts that could amplify any confirmed breakout.