XRP News Today: XRP Rises 3.3% as $3.31 Resistance Looms with Increased Buying Pressure

XRP is nearing a critical $3.31 resistance level following a 3.3% gain over the last 24 hours, trading at $3.30 as of the latest data [1]. The price is currently within a tightly defined range, bounded by $3.16 support and $3.31 resistance, with buying volume showing signs of increasing near the upper threshold [2]. This consolidation pattern mirrors similar price structures observed during XRP’s late-2017 rally, though the current movement appears more gradual and controlled [3].

Analysts tracking XRP’s price action on the 3-day chart have noted a more organic and measured buildup compared to past surges [4]. Despite the slower pace, the structural similarity to previous bullish phases suggests that XRP may be in the early stages of a potential breakout. The asset has remained above the midpoint support zone since early 2025, reflecting consistent upward pressure and repeated attempts to test the $3.31 resistance [5].

The current price dynamics indicate that long-term buyers are entering near the support level, while sellers are active at the resistance [6]. As XRP approaches $3.31, the incremental increase in buying volume suggests accumulation by investors ahead of a potential directional shift. Should the price manage to clear this level, it could trigger a wave of bullish momentum, opening the path to higher levels in the coming weeks [7].

However, a failure to break above $3.31 could lead to a consolidation phase or even a pullback, emphasizing the importance of maintaining caution among traders. The historical behavior of XRP around key resistance levels has often been marked by mixed results, with prior attempts to break through met with varying degrees of success [8]. The current setup appears more developed than in the past, with a clearer structure and less volatility, suggesting a more deliberate accumulation phase [9].

The broader cryptocurrency market remains supportive of XRP’s upward movement, with Bitcoin nearing all-time highs and Ethereum experiencing renewed interest. This favorable environment has enhanced liquidity and investor confidence, particularly in altcoins like XRP that are more sensitive to market sentiment [10]. The increased participation from both institutional and retail investors has contributed to a more stable and predictable trading environment, further supporting the asset’s recent performance [11].

As XRP continues to test key resistance levels, the immediate focus for traders and investors remains on whether the price can maintain its position above $3.16 support. A sustained move above $3.31 would be a significant development, signaling renewed bullish momentum and potentially unlocking further upside. Conversely, a breakdown below $3.16 could shift the balance of power, increasing the likelihood of a more extended consolidation phase [12].

Source:

[1] Cryptofrontnews

[2] Cryptofrontnews

[3] Cryptofrontnews

[4] Cryptofrontnews

[5] Cryptofrontnews

[6] Cryptofrontnews

[7] Cryptonews

[8] Cryptonews

[9] Cryptonews

[10] Cryptonews

[11] Cryptonews

[12] Cryptonews

https://cryptofrontnews.com/xrp-approaches-3-31-resistance-following-3-3/

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