- XRP trades above $3.03 with less than 19 hours to monthly close, aiming for a historic breakout.
- Price remains above 21 EMA and 33 SMA, signaling strong bullish momentum into monthly close.
- Market cap rises to $186B as XRP holds $3.15; volume-to-cap ratio shows active trading.
With less than 19 hours remaining, XRP is trading above the $3.03 level, a price point that could lead to the first-ever monthly candle close above this resistance. This move, if confirmed by the 00:00 UTC close, may mark a technical milestone in XRP’s multi-year trading structure.
XRP Holds Above Key Resistance Ahead of Monthly Close
XRP has been trading steadily above the $3.10 level after rebounding from a brief dip below $3.05 earlier in the day. The current price action shows strength, with XRP reaching an intraday high of $3.17 before a slight pullback. CoinMarketCap data places the token at $3.15 at the time of writing, reflecting a 3.29% gain over the past 24 hours.
According to analysis prepared by EGRAG CRYPTO, a monthly candle close above $3.03 would be the first in XRP’s price history. This level has acted as long-term resistance during past market cycles, including those in 2017 and 2021. The red trendline seen on historical charts shows that this level aligns with prior cycle peaks.
Historical data from TradingView confirms that XRP has never achieved a monthly close above $3.03. As of now, the price remains above both the 21 EMA and 33 SMA, which are key indicators used to identify trend strength. These technical markers suggest momentum remains with buyers as the close approaches.
Market Metrics Support XRP Price Stability
XRP’s market cap has increased to $186.61 billion, marking a 3.3% rise in the past 24 hours. The trading volume stands at $6.18 billion, with the volume-to-market cap ratio at 3.31%, showing active market participation.
This liquidity level reflects healthy trading conditions during this crucial period. According to an observation by HovWaves, XRP is performing well off the $1.80 support, breaking slightly above its base channel.
He noted, “Once we break the 1.382 level, I would take the sideways correction off the table.” Technical traders are watching closely for a breakout confirmation that could lead XRP higher in its current cycle.
