XRP Approaches Breakout Zone, Testing $3.34 Resistance While Holding $3.23 Support

XRP is currently trading at around $3.25 and is moving towards the nearest resistance of $3.34 which is equivalent to its former all-time high.

The higher lows that have persisted since early August have kept the momentum in the direction of the breakout zone.

A confirmed move above $3.34 could open the path toward the $3.7288 technical target.

XRP is approaching a significant technical level after steady gains in recent sessions. The cryptocurrency was currently priced at $3.25, marking a 0.4% increase over the past 24 hours. Trading activity has kept the price within a range of $3.23 to $3.34. The chart shows the asset is testing the $3.30–$3.34 area, which aligns closely with a previous all-time high. A move through this zone would place XRP in a price territory not seen before, with the next movements unbound by historical price limits.

Price Narrows Toward Key Resistance Zone

On the daily chart, XRP has formed a pattern where the price is pushing against a descending trendline. This trendline connects recent highs from July and August. The horizontal resistance at $3.34, marked as the previous all-time high, has become a critical point for traders

The current price structure shows consecutive higher lows since the early August pullback. These higher lows are bringing the price closer to the resistance area, narrowing the space for sideways movement.

Market data shows that $3.23 is the immediate support level in the current setup. Price has repeatedly rebounded from this level during the past week. On the positive side, the $3.34 resistance is considered to be the main point of interest, and $3.35 to 3.37 can serve as an extension zone

It is noteworthy that the volume of trading has been steady throughout this phase, which implies that buyers and sellers are both active in the market around the levels. This healthy balance has ensured that the price stays within a narrow range in recent days.

Key Upper Level Marks Next Technical Target

The chart also identifies $3.7288 as a key upper level beyond the current resistance. This price point aligns with the next significant chart marker above the previous high. Between $3.35 and $3.73, there is little historical data, making this zone notable from a technical perspective

The ongoing approach to resistance is happening in the context of a broader uptrend from mid-June, where XRP moved sharply from below $2.00. The confluence of trendline pressure and horizontal resistance defines the current breakout zone.