XRP Stuck in the Mud: Analyst Claims $3.3 Breakout Needed to Spark Momentum

XRP traders might want to buckle up for more sideways action—unless the coin can smash through the elusive $3.3 barrier, according to a blunt market assessment.

No fireworks, no hype—just a cold, hard technical reality. Until then, it's another day in crypto purgatory.

Funny how these 'key levels' always sound like something Wall Street invented to justify their coffee breaks.

Support at $2.00 has been particularly important, as it has provided a solid foundation for price bounces. If XRP fails to maintain this support, it could revisit the $1.50 level, where a deeper retracement may occur.  Resistance at $3.30 Remains a Key Barrier Meanwhile, the resistance level at $3.30 has been a critical point for XRP since January. The price surged to this level before experiencing a sharp decline, and it has since struggled to break above it. This level is seen as a strong psychological barrier, and breaking through it would likely signal the beginning of a new bullish phase for XRP. However, recent attempts to move above $2.50 have failed to gain enough momentum to test the $3.30 resistance.  Gann Angles and Support Levels Interestingly, Gann analysis has provided further insight into the current price action. The green Gann angle at $2.00 on the analyst's chart has acted as an important support level, providing a cushion against further downside.  As long as XRP remains above this level, it is expected to have the potential for upward movement. However, analysts caution that a break below this support could trigger a more bearish outlook, with a possible retracement to $1.50 or lower. On the upside, the orange Gann lines suggest that XRP has significant room to move within the current range, but without breaking the $3.30 resistance, the cryptocurrency is unlikely to experience substantial gains. The price could continue to test the $2.50 resistance before encountering further rejection. As long as the $3.30 resistance holds, XRP is expected to remain in a range-bound market, with no significant breakthroughs in sight. Further Bullish Prospect Moreover, according to Egrag Crypto, an intriguing pattern of "3 Hammers and 3 Rockets" in XRP’s recent price action is visible. This pattern suggests that the XRP price may be nearing the end of its consolidation phase. The "3 Hammers" refer to significant price lows, followed by the "3 Rockets," which represent bullish movements.

Egrag has predicted that XRP is likely to break out by mid-June 2025, with the rally potentially extending into August or September 2025. The breakout could mark the final phase of XRP’s current bull run, driving the price higher.  Per his analysis, the descending channel within which XRP has been trading points toward the likelihood of either a breakout or a continuation of the current pattern, with a lower low possible if the breakout does not occur.