Key Insights:
- XRP consolidates near $3.03 with strong trading volume, testing the crucial $3.31 all-time high resistance.
- Analysts project a $8–$10 long-term target if XRP breaks resistance, though corrections between $3–$5 may follow.
- RSI at 49.48 and BBTrend at 4.91 show neutral momentum, signaling consolidation before potential breakout.
Ripple’s XRP is trading near $3.03, posting a 8% gain in the last 24 hours despite a 3% decline over the past week. Trading volume stands at $10.23 billion, showing strong participation as the token tests critical price levels. Market watchers are focused on whether XRP can clear its long-standing all-time high to trigger the next major move.
A chart shared by GalaxyBTC shows that XRP has reached the same stage seen in past cycles when breaking previous all-time highs led to strong rallies. The token’s first all-time high was near $0.061 in 2014, which capped price for years before being broken in 2017. That breakout sparked a rally to more than $3.00.
Meanwhile, the second major resistance level sits around $3.31, set in early 2018. XRP is currently consolidating just below that level, trading near $3.03. GalaxyBTC stated,
“The real $XRP bull run starts next time we break previous all time highs.”
A sustained breakout above $3.31 would put XRP into price discovery territory.
Long-Term Targets in Focus
Analyst Maxi noted that XRP’s long-term target has been consistent since the accumulation zone around $0.50. Maxi commented,
“$XRP nothing has changed $8–$10 has been the target since .50 cents!”
The chart shared shows XRP surging through multiple resistance zones in 2025, with price reaching into the $8–$10 range.
After that projected rally, Maxi’s chart illustrates a retracement, with XRP consolidating between $3–$5. This suggests that while upside targets remain intact, corrections are expected as part of the market cycle. The $8–$10 level remains a key focus for traders looking at long-term expansion.
Daily Chart and Technical Indicators
The daily chart shows XRP consolidating above $3.00, with resistance at $3.40–$3.50. Price action has cooled since the early August rally, leaving traders waiting for a decisive move. Short-term support is seen around $2.90–$3.00.
The Relative Strength Index (RSI) is at 49.48, placing XRP in a neutral zone. This indicates balanced momentum with neither overbought nor oversold conditions. The Bollinger Band Trend (BBTrend) sits at 4.91, still positive but weakening as bullish momentum slows. Together, these indicators suggest XRP is in consolidation while awaiting direction.
Finally, XRP’s price is consolidating near key resistance, with traders watching the $3.31 level. A breakout above this mark would confirm a new cycle and open the door to Maxi’s projected $8–$10 range. Until then, the $3.00 support remains crucial for maintaining bullish structure.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/ripple-xrp-set-for-takeoff-once-previous-all-time-highs-ripple-xrp/