XRP News Today: XRP Holds Key $3.450 Support, Bulls Target 5.1% Gains at $3.550 Resistance

XRP’s price has shown resilience by maintaining key support levels, drawing attention from traders and analysts as it consolidates gains above $3.450. The token recently breached the $3.420 zone, forming a short-term bullish trend line on hourly charts, with support identified at $3.480. This consolidation follows a sharp rebound from a low of $3.425, where the price regained momentum above the 50% Fibonacci retracement level of its recent decline from a high of $3.660. While buyers have managed to push XRP past critical psychological barriers, the market remains in a state of cautious optimism as technical indicators suggest mixed signals.

On the upside, XRP faces immediate resistance near $3.550, which aligns with the 61.8% Fibonacci retracement level of its recent price action. A sustained move above this threshold could propel the token toward $3.60 and eventually $3.650. Analysts highlight that a successful breakout beyond $3.60 would likely set the stage for a test of the $3.720 and $3.80 resistance zones, with the $4.00 level representing a more ambitious long-term target. However, the path to these levels hinges on the token’s ability to maintain momentum above $3.550 and avoid retracing lower.

Conversely, a failure to hold above $3.550 could trigger a retest of key support levels. The $3.480 zone serves as an initial line of defense, followed by critical support at $3.420. A breakdown below this level might see XRP retreat toward $3.350, with further downside potential targeting $3.320. Technical indicators, including the hourly MACD and RSI, suggest waning bullish momentum. The MACD is losing pace in bullish territory, while the RSI remains below the 50 level, indicating a potential shift in market sentiment.

Market observers note that XRP’s current positioning reflects a tug-of-war between optimistic technical setups and lingering bearish pressures. While a breakout above $3.60 could reinforce a multi-leg rally, the absence of a significant volume surge raises questions about the conviction of buyers. Additionally, the token’s ability to retest the January 2018 high of $3.84 and potentially push toward $6 hinges on maintaining control above $3.550. Some analysts have highlighted a critical threshold at $3.30, suggesting that increased volume could validate a technically feasible path to $5. However, these projections remain speculative and contingent on broader market dynamics.

The near-term outlook remains uncertain, with conflicting signals emerging from technical analyses. A sustained rally above $3.60 could validate bullish scenarios, but a failure to hold above $3.40—recently breached by buyers—could trigger a deeper correction. The $2 support zone has historically acted as a psychological floor, though recent weakness below $2.15 and a lack of rebounds from oversold conditions have raised concerns about waning buying interest. A breakdown below $2 could lead to a cascade of liquidations, testing the token’s fundamental resilience.

XRP’s trajectory is likely to depend on its ability to consolidate above key technical thresholds while attracting renewed buyer participation. The current phase represents a critical juncture, where a successful retest of $3.650 could reinforce bullish momentum, but sustained volatility remains a risk. Market participants will closely monitor whether the token transitions from a consolidation phase to a sustained uptrend, with the coming days poised to determine the direction of the next price movement.