XRP News Today: XRP Hovers Near $3.66 Resistance; Break Above Could Spark Rally Toward $5

XRP is currently trading near critical junctures as technical indicators and price action suggest a pivotal moment for the cryptocurrency. Over the past 60 minutes, XRP has oscillated between $3.12 and $3.32, with a market capitalization of approximately $187 billion and a 24-hour trading volume of $7.47 billion. The asset has formed a narrow range amid broader bearish signals on shorter timeframes, with key resistance at $3.66 and support at $3.12. A sustained break above $3.66 could reignite momentum toward $5, a level last reached during its 2018 peak [1].

On the 1-hour chart, XRP has retreated from $3.331 to $3.12, with bearish candles dominating and modest rebounds failing to gain traction. Immediate support at $3.12 remains a critical level; a breach could open the door to further declines toward $3.00. The 4-hour chart reinforces this bearish bias, showing a decline from $3.55 to $2.96 before a partial recovery. Repeated rejections at the $3.30–$3.35 zone highlight strong overhead supply, while volume data underscores seller dominance. Minor support at $3.10 and $3.00 may offer temporary relief, but a decisive move below these levels could trigger a breakdown [1].

The daily chart paints a mixed picture. While the broader trend extends from $2.00 to $3.661, a sharp correction has followed, with increased volume at the peak suggesting distribution. A bearish engulfing pattern and subsequent red candles indicate ongoing selling pressure. XRP is now consolidating within the $3.15–$3.30 range, above key support at $3.00–$3.10. Resistance levels at $3.50 and $3.66 require confirmation for a bullish case. A sustained close above $3.35 with strong volume is essential for a resumption of the uptrend, whereas failure to hold $3.00 could extend the decline [1].

Oscillators remain neutral, with the RSI at 58.88 and the MACD at 0.20821 signaling bearish momentum. The momentum indicator’s value of −0.26665 aligns with downward pressure, though mixed signals emerge from moving averages. Short-term averages like the EMA (10) at $3.20141 and SMA (10) at $3.30160 indicate sell signals, while medium- and long-term indicators such as the EMA (20) at $3.06266 and EMA (50) at $2.73167 suggest a structural bullish trend. This divergence highlights a conflict between immediate weakness and broader strength [1].

Analysts note that breaking $3.66 would validate the uptrend and potentially attract institutional buyers, as the level has historically acted as a psychological barrier. A successful breakout could see XRP test $4.11, a prior resistance, followed by $4.80, a Fibonacci extension target. However, this scenario depends on sustained volume and momentum shifts [1]. Fundamental analysis from TradingView posits that a $500 million accumulation over the past year could position XRP for a 15% surge toward an all-time high, though this remains speculative and contingent on broader market conditions [3].

Bullish scenarios emphasize the structural support from mid- to long-term moving averages and prior gains from the $2.00 level. Reclaiming $3.30–$3.35 resistance with volume confirmation could resume the upward trajectory. Conversely, bearish forecasts highlight consistent rejections at key resistance, declining short-term momentum, and sell signals from the MACD. A failure to defend $3.10 or $3.00 may drive prices below $2.95, with risk-reward favoring short-side strategies until bulls regain control [1].

The broader cryptocurrency market’s performance will also influence XRP’s trajectory. Stabilization in Bitcoin and Ethereum could foster a risk-on environment, while a market-wide downturn might delay the $3.66 breakout. Analysts caution against overconfidence, emphasizing the need for robust risk management strategies to navigate XRP’s volatility [1].

Source: [1] [XRP Price Watch: Eyes on $5 Breakout if $3.66 Resistance Falls](https://news.bitcoin.com/xrp-price-watch-eyes-on-5-breakout-if-3-66-resistance-falls/) [2] [Fundamental Analysis — Trading Ideas on Page 3](https://www.tradingview.com/ideas/fundamental/page-3/)