XRP News Today: XRP Holds $3.40-$3.60 Range as 19.29% Weekly Gains Fuel Bullish Breakout Potential Toward $4.65

XRP's price action has shown quiet resilience over the past four days, consolidating within a defined range between $3.40 support and $3.60 resistance. While the market appears subdued, technical indicators and chart patterns suggest a potential for a bullish breakout. Analysts have highlighted a key trendline that has transitioned from resistance to dynamic support, with repeated dips seeing consistent buying pressure that reinforces the structure. This behavior signals that bullish sentiment remains intact, even as the price remains within a tight corridor.

The consolidation phase has allowed for the formation of a "cup and saucer" pattern on the hourly chart, a continuation pattern typically favoring upward movement. Notably, this structure is developing near historical price highs, amplifying its significance. Traders have observed that XRP has created higher lows despite multiple tests of the $3.65 level, which remains a critical psychological ceiling. The Relative Strength Index (RSI) also indicates room for upward momentum, suggesting the chart has not yet exhausted its potential.

Technical analysts have emphasized the importance of maintaining support at $3.40. A breach below this level could trigger a retest of the $3.20–$3.25 zone. However, as long as the price remains above the trendline, the bias remains tilted toward a bullish continuation. The next major target, should XRP break through resistance, is $4.65. Historical analysis suggests that such a move could be rapid and volatile, with momentum accelerating once the ceiling is cleared. Current price action reflects a patient buildup of buying pressure, with traders closely monitoring key levels for a decisive move.

The market's cautious optimism is underscored by XRP's recent weekly performance, which has seen a 19.29% increase. While daily gains have been modest, the broader trend indicates growing confidence. The absence of explosive price swings has allowed for the formation of a stable base, which is often a precursor to a breakout. Traders are advised to watch the next few candles closely, as the outcome could determine whether XRP sustains its upward trajectory or consolidates further.

Overall, the current setup reflects a balance between measured accumulation and the potential for a sharp upward move. Analysts remain focused on the interplay between key technical levels and the broader market context, with the next phase of price action likely to depend on the ability of bulls to maintain control of critical support and resistance zones. As the market continues to build momentum, the path toward $4.65 remains a focal point for both short-term traders and longer-term investors.