XRP shows potential for bullish continuation upon clearing the critical $3.30 resistance level, as technical patterns indicate strengthening market support. Current price action reveals stable consolidation above key moving averages, suggesting sustained upward momentum beyond recent gains.
Price stability above the 20-day, 50-day, and 100-day Exponential Moving Averages reinforces bullish sentiment, while a Relative Strength Index reading of 61 indicates balanced buying pressure without immediate overbought risks. Declining trading volumes during this consolidation phase are interpreted as a healthy market breather rather than bearish reversal signals.
The $3.30 resistance threshold emerges as the decisive level for XRP’s next price direction. Market analysts note that sustained consolidation below this barrier demonstrates strong investor confidence, lending credibility to potential upward movement should the resistance be breached in coming trading sessions.