XRP Breaks $3.10 Resistance, Targets $3.30

XRP has achieved a significant technical milestone by surpassing the $3.10 resistance level that had constrained its price action for months. Trading at $3.13 with substantial 24-hour volume exceeding $7.5 billion, the cryptocurrency is now testing the $3.11 mark, which aligns with a descending trendline that previously capped price movements. Analyst DefendDark highlighted this breakthrough, noting that the yellow resistance at $3.10 is weakening while the daily RSI remains strong, providing technical confirmation of the bullish move.

The technical picture continues to strengthen as XRP maintains its position above the Ichimoku Cloud on the daily chart, a classic signal that often appears during trend shifts. The daily RSI is pushing higher while remaining below overbought levels, indicating continued strength without excessive buying pressure. This metric has also crossed above its moving average, typically signaling building momentum that could support further price appreciation.

The recent price action demonstrates robust support levels that provide a foundation for the current rally. XRP successfully retested support near $3.03 on September 15, bouncing decisively from this level and indicating strong buyer defense. Analyst EGRAG CRYPTO emphasized that this retest appears complete, though he noted that if $3.03 fails in the future, $2.85 remains the next significant support level based on historical price reactions.

With the resistance breakthrough confirmed, analysts are now eyeing specific upside targets. The immediate focus is on the $3.20 level, with a close above this area representing a key step in confirming further strength. Beyond this, technical analysts project targets at $3.30 and $3.40, representing the next significant resistance zones. The asset has also broken out of a falling wedge pattern, a technical formation that typically supports upward price movement.

The broader technical structure suggests even more substantial potential gains. On the monthly chart, XRP continues to form a bullish flag pattern remarkably similar to the setup that preceded the 2017 rally, during which Ripple’s token surged more than 1,100%. If a similar move materializes, the projected target stands near $24, with Fibonacci extension levels indicating possible zones at $8, $13, and $26 if the current structure expands significantly.

Market participation metrics strongly support the bullish technical outlook. XRP futures open interest has reached $9.16 billion, reflecting sustained activity in the derivatives market as the price approached $3. This substantial open interest indicates that traders are maintaining exposure and opening new positions in anticipation of continued market movement. The combination of rising price and increasing open interest typically denotes growing confidence among market participants, suggesting institutional and retail traders alike are positioning for further gains.