- XRP price has climbed to $3.28, nearing the $3.30 resistance after rebounding from the $3.00 support zone.
- The cryptocurrency is testing a descending trendline that has capped upward movement since the late-July high near $3.50.
- Strong support from the 20-day and 50-day EMAs continues to stabilize XRP’s broader upward trend.
XRP moved higher on Sunday, reaching $3.28 and coming within range of the $3.30 resistance level. This follows a rebound from the $3.00 support zone earlier in the week. The move has brought the token back to a descending trendline that has limited price gains since late July.
The current pattern shows a descending trendline formed after XRP peaked at $3.50. The recent rally has pushed the price back to this barrier, which has been in place for nearly three weeks. A daily close above $3.30 could open the way for further gains, with the next key levels seen at $3.50 and $3.70.
Volume Trends and Market Sentiment
Trading volume has slowed in recent sessions despite the upward move. Lower volume during a breakout attempt can limit momentum, which may make sustained gains harder to achieve. However, price stability above $3.30 would signal stronger buying interest.
The 20-day exponential moving average, currently at $3.07, has held firm through recent pullbacks. The 50-day exponential moving average at $2.81 provides a broader safety net for bullish sentiment. These moving averages remain intact, supporting the overall upward trend.
Potential Scenarios in Coming Sessions
If XRP breaks and holds above the $3.30 level, the market could see a retest of the $3.50 zone in the short term. A failure to break the trendline could send the price back to $3.07 or even $2.81 before another attempt higher.
The technical setup for XRP remains constructive as long as key support levels hold. Market participants are closely monitoring whether the current push will deliver a confirmed breakout above $3.30, which could shape price action in the days ahead.
