XRP Stuck in No-Man’s Land—$3 Dream Hinges on Breaking This Critical Range

Ripple’s XRP is grinding sideways like a tired bull—again. Traders are eyeing a decisive breakout from its current range before even whispering about the $3 price target.

Key levels to watch: The coin needs to smash through resistance at $0.75, or risk tumbling back to $0.50 support. Technicals suggest make-or-break momentum building this week.

Meanwhile, Wall Street ’experts’ still can’t decide if crypto is dead or the next big thing—classic hedge fund whiplash.

XRP Analysis

The Daily Chart

XRP’s recent bullish trend has been halted at the upper boundary of a prolonged descending wedge NEAR the $2.7 level, triggering a bearish retracement. However, the price is now consolidating within a decisive and tight range between $2.3 and $2.5, bounded by the wedge’s apex. This zone has become a critical battleground between buyers and sellers.

The current pullback may also be interpreted as a retest of the recently broken 100 and 200-day moving averages, which could reintroduce demand into the market. A breakout from this narrow range appears imminent, and the direction of this breakout will likely determine XRP’s next major move. A bullish breakout above $2.5 WOULD open the door for a sustained rally toward the $3.1 resistance area.

The 4-Hour Chart

On the lower timeframe, Ripple has maintained a broader bullish structure in recent days, breaking out above the descending wedge pattern. However, the asset faced significant selling pressure around the $2.7 resistance and was swiftly rejected, falling back into the wedge formation. This movement suggests a potential bull trap and false breakout.

Currently, XRP is holding above the key support at $2.3, where buying interest could reemerge. If this level holds, a renewed bullish push toward the $2.7 zone is likely. Still, the market is awaiting a decisive breakout from the $2.3–$2.5 consolidation range.

If the breakout is bullish, the price could quickly surge toward the $3.1 resistance. Conversely, a breakdown below $2.3 might trigger a sharp decline toward the $2 support, especially if accompanied by a short-squeeze or panic selling from overleveraged long positions.