XRP Tests $3.31 Resistance as Buying Volume Increases Within Tight Trading Range

XRP is currently trading at $3.30, having gained 3.3% in the last 24 hours. It is testing the long-term resistance level of $3.31, with increasing buying volume indicating potential upward momentum.

• XRP has gained 3.3% and is testing the $3.31 resistance level.

• The price range remains tight between $3.16 support and $3.31 resistance, with rising buying volume near the top.

• Current price action mirrors late-2017 setups but is developing at a slower pace.

XRP price is currently $3.30, up 3.3% in 24 hours. As it tests the $3.31 resistance, analysts suggest potential upward movement. Stay informed!

What is XRP and Why is it Important?

XRP is a digital asset designed for fast and cost-effective international money transfers. Currently, it is testing the significant resistance level of $3.31, which could indicate a potential breakout if buying volume continues to rise.

How Does XRP’s Price Action Compare to Previous Years?

Historically, XRP has shown similar price patterns during its late-2017 rally. Analysts note that the current price action is more controlled and organic, suggesting a stable accumulation phase before potential upward movement.

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Frequently Asked Questions

What are the key support and resistance levels for XRP?

The key support level for XRP is at $3.16, while the resistance level is at $3.31. These levels are critical for determining potential price movements.

How is XRP performing compared to its past rallies?

XRP’s current performance shows similarities to its late-2017 rally, although the pace of movement is more gradual, indicating a potentially stable accumulation phase.

Key Takeaways

• XRP is testing a critical resistance level of $3.31: This could lead to significant price movements.
• Buying volume is increasing: This suggests potential upward momentum as traders position themselves.
• Price action mirrors historical patterns: The current setup reflects earlier accumulation phases before major surges.

Conclusion

In summary, XRP is currently trading at $3.30 and testing the $3.31 resistance level. With increasing buying volume and a structure that mirrors previous surges, the outlook remains cautiously optimistic. Investors should monitor these levels closely for potential breakout opportunities.

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XRP gains 3.3% to $3.30, testing long-term $3.31 resistance as buying volume rises within a tight $3.16–$3.31 range.

XRP is also in the process of testing an important resistance threshold, having surged by 3.3% over the last 24 hours. Currently, the asset is being traded at the price of $3.30, which is close to the long-term resistance area of $3.31. The trend is steady, each week displaying a modest rise in price.

Historically, similar setups appeared during XRP’s late-2017 rally, though the current pace remains more gradual. Analysts tracking the XRP/USD pair on the 3-day chart note that price action appears more controlled and organic compared to past moves. Despite the slower formation, the structure aligns with previous major surges.

XRP Trades in Tight Range as Buying Volume Builds Near Resistance

The trading range for XRP remains tight, with a 24-hour low at $3.17 and a high reaching $3.30. This positions the asset just below the $3.31 resistance. The lower boundary of support is found at $3.16, offering a stable base from recent market activity. Notably, these levels reflect XRP’s extended consolidation zone between historical levels of $0.0638 and $3.2913, spanning multiple years.

Price has respected both horizontal bands, with long-term buyers entering near the support and sellers active at the resistance. However, as price approaches $3.31, buying volume has started to increase incrementally. The setup continues to show similarities to the late 2017 phase, though without the same volatility spikes.

XRP Holds Above Midpoint Support Amid Repeated Resistance Tests

Past price reactions to these levels provide relevant historical context. XRP’s 2017 breakout occurred after multiple failed attempts at $0.63, eventually leading to a rapid surge past $3.00. The current pattern also reflects earlier periods of accumulation before upward expansion. However, the pace of movement is slower, and the structure appears more developed.

Most notably, XRP remains above the midpoint support zone, with consistent upward pressure since early 2025. This ongoing structure has yet to break the resistance but is testing it repeatedly. Should the price remain above $3.16, pressure may continue to mount toward $3.31, which remains the nearest resistance level.