XRP price is testing formidable resistance at the $3 psychological barrier after rallying 33% within ten days. This threshold has historically capped significant bullish movements and now poses a decisive challenge for traders.
Market volatility signals intensify as XRP futures open interest climbs to $8.11 billion, approaching levels last seen during January’s peak. This surge reflects heightened trader activity and indicates potential price turbulence in the coming sessions.
Technical analysts note that a confirmed breakout above $3 could catalyze strong upward momentum, potentially propelling XRP toward its previous all-time high of $3.40. Resistance remains notably thin beyond the $3 threshold, suggesting accelerated movement if breached.
Critical liquidation clusters between $3.04 and $3.14 pose additional volatility risks, where cascading stop-loss orders may trigger dramatic price swings. Market participants remain watchful for confirmation of a decisive breakout that could herald an extended momentum phase.