XRP price has risen ~4% in 24 hours and trades near $3.12; short-term momentum shows a false hourly breakout at $3.1375, while daily closes above $3.1375 would likely prompt a test of $3.15–$3.30 zones.
XRP price up ~4% in 24 hours, trading near $3.12.
Hourly chart shows a false breakout at $3.1375; daily close above that level would raise breakout odds.
Low trading volume suggests sideways action most likely between $3.10–$3.30.
Meta description: XRP price climbs ~4% to $3.12; hourly false breakout at $3.1375 may lead to $3.15–$3.30 if daily close holds — read the short-term technical outlook.
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What is the current XRP price outlook?
XRP price has increased by roughly 4% over the last 24 hours and is trading around $3.12. Short-term technicals show a false hourly breakout at $3.1375; a sustained daily close above that level would raise the probability of a test of $3.15–$3.30, while low volume favors sideways action.
Sellers remain weaker than buyers today, according to CoinStats. The intraday momentum favors buyers but confirmation requires higher daily volume and a clean daily close above local resistance.
XRP chart by CoinStats
How does the XRP/USD technical chart read on the hourly and daily frames?
On the hourly chart, XRP/USD produced a false breakout of the local resistance at $3.1375. False breakouts indicate short-term rejection at resistance and often lead to consolidation unless follow-through buying appears on higher time frames.
Image by TradingView
If the daily candlestick closes at or above $3.1375, technical probability shifts toward testing the nearby resistance cluster near $3.15. A confirmed breakout through $3.155–$3.20 would open room for a move toward the $3.20–$3.30 range, assuming volume increases.
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Volume validates price moves. Presently, volume remains low, indicating neither buyers nor sellers have dominant conviction. With low volume, price is more likely to trade sideways between support and resistance rather than make a sustained directional move.
From a midterm perspective, XRP is not currently near strong structural support or resistance. That neutral positioning, combined with low volume, supports a high probability of range-bound trading in the near term.
XRP is trading at $3.1197 at press time.
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Source: https://en.coinotag.com/xrp-may-test-3-15-to-3-30-after-false-breakout-amid-low-volume/