XRP Price Poised to Pop if $3.48 Cracks

Key Insights 

• XRP holds $3.00 support, eyes breakout above $3.48 to confirm new bullish leg.
• Symmetrical triangle tightening, breakout above $3.26 could push XRP toward the $3.90 target zone.
• Daily chart shows consolidation; close above $3.40 may revive strong upside momentum.

XRP is holding above key support at $3.00 and consolidating just below the resistance zone between $3.10 and $3.48. The current price is $3.13, up 1% in the past 24 hours, with a daily trading volume of over $6.1 billion. Although XRP has declined by 6% over the last 7 days, the structure on lower timeframes suggests price is building for a potential breakout.

The 4-hour chart shared by BitGuru shows that XRP is range-bound between $3.10 and $3.48. A breakout above $3.48 could push the price toward $3.60, offering a 16% upside from current levels. “Hold above 3.00 – BULLISH bias stays,” the analyst noted, indicating that market sentiment remains in favor of buyers as long as price doesn’t break below that psychological level.

Symmetrical Triangle Tightens

Another 4-hour chart shared by analyst Ali_charts illustrates XRP forming a symmetrical triangle pattern. This pattern shows price compressing between converging trendlines, which often leads to a breakout once the range is resolved. The triangle is narrowing, and the key breakout level is set near $3.26, aligned with the 0.618 Fibonacci retracement level.

Should XRP break out above $3.26, the chart outlines price targets at $3.40, $3.60, and potentially $3.90, which matches the 1.272 Fibonacci extension. This path assumes bullish momentum continues and price stays above the lower trendline. 

However, if XRP breaks below $3.00, it could move toward lower supports at $2.94 or $2.76. The analyst warned, “A break above $3.26 could send it to $3.90,” while acknowledging that a downside resolution remains possible.

Short-Term Outlook Hinges on $3.48 Level

If XRP breaks above the $3.48 resistance, it could set the stage for a move toward $3.60. This breakout would also validate the triangle pattern and reintroduce strong bullish momentum. Traders are watching closely as price tightens within the current range.