XRP is approaching a pivotal technical resistance level at $3.33, with indications pointing toward potential bullish momentum should it achieve a decisive breakout. Market analysts suggest that overcoming this barrier could propel the cryptocurrency toward initial targets at $4.39, followed by a secondary objective near $5.85.
Noted cryptocurrency analyst Dark Defender highlighted that breaching the $3.33 threshold may trigger accelerated upward price action. Technical indicators reinforce this optimistic outlook, with the Relative Strength Index (RSI) signaling growing positive momentum among traders.
The asset’s recent bounce from key support levels at $0.3333 and $0.3642 on August 7 has established a foundation for the current consolidation phase. Market observers note that a confirmed breakout above $3.33 would likely attract significant investor interest and intensified buying pressure, setting the stage for more substantial gains in the near term.