XRP’s price is showing a decline from around $3.04 to approximately $2.97, indicating short-term bearish momentum.
The cryptocurrency has faced resistance near $3.04 and found support around $2.95, where buyers started to stabilize the price.
At press time, XRP was trading at $2.98, reflecting a modest 0.5% decline over the past 24 hours, as the crypto fear and greed index jumped to 62.
Source: Coingecko
Analyst Ali reports that XRP is testing a crucial resistance level at $3.15, which could define its next price direction. The token has traded sideways near this level, signaling market indecision.
A strong move above $3.15 may confirm a bullish breakout, attracting buyers and increasing trading volume.
The chart shows that XRP has previously struggled to sustain momentum around this zone, making it a key technical barrier for traders to watch closely.
Ali’s analysis indicates that a confirmed breakout above $3.15 could propel XRP toward $3.60. The projected rise reflects growing optimism among crypto market participants expecting renewed strength in XRP’s trend.
The path to this level may include minor pullbacks, as highlighted in CoinLore’s analysis, suggesting gradual consolidation before another upward push. Traders view this setup as a potential shift in sentiment if XRP maintains support above resistance levels.
XRP repeating 2021 breakout pattern in 2025
According to analyst Steph is Crypto, XRP’s 2025 price structure appears to mirror its 2021 pattern on the charts.
The analyst highlights a similar pennant formation, which preceded a strong bullish breakout four years ago.
In 2021, XRP’s breakout from this pattern triggered a sharp rally, pushing the token to new highs before consolidation followed.
The current setup on the 2025 chart shows an almost identical structure, suggesting that XRP could be preparing for another significant upward move.
Source: X
XRP’s price action has entered a similar consolidation phase following its breakout. The chart shows the token holding higher lows, a signal often linked to renewed bullish strength.
If the pattern repeats, XRP could experience a strong upward continuation, potentially matching or exceeding the gains seen in 2021.
The comparison points to rising investor confidence as XRP continues to trade within a recognizable historical framework.
XRP holds steady amid neutral momentum
XRP is showing a sideways trend as it consolidates between support at $2.95 and resistance at $3.05.
The price movement reflects market indecision after recent rejections near the upper level, with traders waiting for a clear breakout to confirm direction.
1-day XRP price chart, Source: TradingView
The MACD indicator shows the blue MACD line slightly above the signal line, with histogram bars turning neutral, signaling reduced bullish momentum and possible consolidation.
Meanwhile, the Relative Strength Index (RSI) is at 52.99, indicating a balanced market without strong buying or selling pressure.