XRP Price Prediction: After breaking through $3.40, it is consolidating and gaining strength, with long positions targeting $3.80.

After successfully breaking through $3.350 and outperforming Bitcoin and Ethereum, the price of XRP has started a new round of pump, reaching a high of $3.660. The current price is consolidating above $3.450, forming a short-term bullish trendline support on the hourly chart. Analysts point out that if it can hold the key support and break through the $3.550 resistance, XRP is expected to further rise towards $3.650 or even $3.80, providing potential trading opportunities for crypto assets investors. Follow the support levels at $3.420 and $3.350 below, and be cautious of a market reversal.

XRP Price Trend Analysis: Breakthrough and Consolidation After XRP's price firmly stood above the key level of $3.350, it initiated a strong pump, outperforming mainstream crypto assets such as Bitcoin ( BTC ) and Ethereum ( ETH ). The price successfully broke through the resistance area of $3.50, with bulls continuing to push XRP past the $3.550 level, ultimately reaching the $3.650 area and hitting an intraday high of $3.660.

Current Consolidation and Key Support Level After reaching a peak, the XRP price has seen a slight pullback, dropping to a low of $3.425, and is currently in a consolidation phase. The price has recovered above the 50% Fibonacci retracement level of the recent decline (from the $3.650 peak to the $3.425 low). The current XRP/USD trading price (data source: Kraken exchange) is above $3.450 and is higher than the 100-hour simple moving average (100-hourly SMA), indicating a bullish short-term trend. Importantly, a short-term bullish trend line is forming on the hourly chart, providing immediate support for the price around $3.480.

Upside Potential and Key Resistance If XRP can maintain above the current support area (especially above $3.350), it is expected to initiate a new round of upward movement. The preliminary resistance level above is around $3.550, or the 61.8% Fibonacci retracement level of the recent decline (from the 3.650 high to the 3.425 low). The first major resistance level is near $3.60. If it can clearly break through the $3.60 resistance, the price may rise to the $3.650 resistance zone. Continuous breakthroughs may push the price up to the resistance level of $3.720, and it is even expected to challenge the $3.80 mark in the short term. For bulls, the $4.00 area will be the next important target level and potential resistance.

Downside Risks and Key Support Levels If XRP fails to successfully break through the 3.550 USD resistance zone, it may face a pullback pressure. The initial support level for the downward movement is around $3.480, where the trend line is located. The next major support level is at the $3.420 level. If the price breaks below and closes under $3.420, it may continue to test the $3.350 support level. The key support area further down is located near $3.320.

Technical Indicator Observation Hourly chart MACD indicator: The MACD for XRP/USD is currently in the bullish zone, but the momentum has weakened. Hourly chart RSI Relative Strength Index: The RSI for XRP/USD is currently below the 50 level, indicating a neutral to weak short-term momentum. Main support levels: $3.420, $3.350 - key defense points for Crypto Assets market. Main resistance levels: $3.550, $3.660 - XRP price prediction key upward targets.

Conclusion: XRP has entered a healthy consolidation after breaking through key resistance, with the short-term technical structure still leaning towards bullish. Traders need to closely monitor the breakout situation at the $3.550 resistance level as well as the defense strength of the $3.480 and $3.420 support levels. A successful breakout above $3.550 will open the door for a push towards the $3.65-$3.80 area; conversely, if it fails to hold the $3.420 support, it could trigger a deeper pullback to $3.350. In the current market environment, the price movement of XRP provides clear key level references for short-term traders. Investors should make cautious decisions based on real-time market conditions and their own risk tolerance.