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XRP Price Analysis: Momentum Builds Toward Critical Resistance Levels
The XRP market is heating up as fresh technical signals point toward a potential breakout above the critical $3.18 resistance level. According to recent data, XRP has been trading at $2.98, reflecting a 2.17% gain in the past 24 hours and a substantial 24.62% rise over the past week.
As seen on the hourly chart, the price action remains firmly in bullish territory, with shallow pullbacks reinforcing market strength. The analyst noted that XRP is approaching $3.04 resistance, a key level that must flip into support for the setup to proceed. In other words, if the coin successfully tests this area and retests the $2.98 mark, it could propel the price toward the next significant barrier at $3.18.
The data suggests that XRP is in line with broader interest across altcoins, although it appears to be leading the charge with clearer signals on high time frames. Market dominance indicators are flashing strong buy signals as Ripple’s market capitalization gains traction.
Meanwhile, Egrag Crypto emphasized the importance of maintaining a bullish structure while highlighting the potential for a breakout above $3.18. The expert trader underscored that XRP needs to hold above 10% dominance to be considered successful in this cycle. Any drop below this level might signal weaker performance compared to broader market trends.
The Relative Strength Index (RSI) levels are currently trending toward a potential top, which could trigger additional buy signals as momentum builds toward critical resistance.
Source: blockonomi.com
