XRP Holds $3.16 Support As Buyers Target $3.31 Breakout Amid Tight Range and Growing Momentum

XRP is strongly holding above $3.16 level, ensuring it still claims as a key near-term price floor.

The $3.31 level is still in play as the main barrier for a continuation of the upward momentum, and price is currently consolidating at a slightly lower price.

Consistent accumulation and slightly higher current volumes of buying activities are indications of a possible consolidation phase with a positive bias.

The latest session closed at $3.30 for XRP, a change of 3.3% in the last 24 hours. The shift has been accompanied by increases in Bitcoin terms, with XRP priced at 0.00002717 BTC, a 0.4 percent increase. The action occurred following the asset remaining firm above its support value at 3.16

Notably, the 24-hour range stayed tight, with a high approaching $3.31, which now stands as the immediate resistance. Market activity has shown measured upward pressure, as several alternative assets display similar consolidation patterns before potential moves.

XRP Maintains Stability Within Tight Range

The current price behavior follows a notable breakout above a descending trendline observed earlier in the year. Price momentum has since carried XRP higher, though the pace has moderated near the $3.31 barrier

Such resistance has proved to be the short-term challenge faced by buyers and the fluctuating price has not seen any significant change outside the thin intraday range. Nevertheless, the support at $3.16 remained very strong, setting a clear lower limit to the recent trade.

Activity levels over the last 24 hours indicate that people have engaged in buying the currency a little more than selling it. The intraday chart shows steady accumulation in the range, and the market structure is ordered. Each retest of $3.16 has drawn renewed interest, helping preserve short-term stability.

XRP Consolidates Above Former Resistance, Eyeing Upside Continuation

The chart highlights the period of consolidation following the breakout where the price activity was concentrated above previous resistances. It is important to note that the $3.16 support is still critical in sustaining this structure. Should the buying pressure hold, then the key level to watch towards potential continuation upwards would be the 3.31 mark.

The wider altcoin market has also exhibited such a pattern, with periods of consolidation occurring as the price climbs high. XRP’s current range-bound action reflects this pattern, with defined support and resistance guiding market focus. The consistent maintenance above $3.16 reinforces the relevance of this level in the short-term framework.