XRP Breaks Key Resistance as Price Consolidation Period Ends

Ripple (XRP) emitted from its lengthy price consolidation period when it jumped past $3.00. Experts in the cryptocurrency industry watch XRP’s price development as the token nears essential obstacle points.

(XRP) price showed strength against sellers when it hit $3.00. After breaking through $3.05 resistance, the coin advanced to surpass $3.12.

As XRP price stays above $3.12, it shows potential for further upward momentum due to support based on the 100-hourly Simple Moving Average.

The recent movements demonstrate that the token crossed through its essential 50% Fibonacci retracement mark. During its decline from $3.36 to $3.00, the coin faced strong support zones at this price level.

At $3.22, the token faces its next significant test along the 61.8% Fibonacci retracement. After hitting this point, many market experts believe they can predict if the upswing continues.

XRP’s Price Targets to Watch

A breakthrough at $3.22 resistance can push XRP prices up. The following resistance points stand at $3.35 followed by $3.45.

The coin’s price may climb further to $3.50 or $3.55 when it crosses past stability markers.

When it falls beneath $3.10, the cryptocurrency’s price likely will keep dropping. The next significant support level is at $3.00.

The cryptocurrency may sink toward $2.88 and $2.75 if the token drops beneath its current point of $3.10.

Throughout the market, everyone is looking at these price targets to understand where Ripple coin will travel next. The coming days will show if Ripple coin can stay on its current price increase path or need to reverse direction. As of press time, the token is trading at $3.21, showing a 3.38% increase over the past day.