- XRP is trading near $2.96, up 7% weekly after bouncing from $2.70.
- Key resistance levels include the 33-day SMA ($2.98), 55-day SMA ($3.06), and $3.40.
- A breakout above $3.40 could lead to $4.20–$6, but weakness near $2.94 risks renewed correction.
XRP has staged a solid recovery after dipping earlier this month, climbing 7.16% in the past week to reach $3.01. The bounce from $2.70 has drawn attention as Ethereum and other altcoins remain weaker. Analysts are now tracking key resistance levels that could decide whether XRP keeps its momentum or slips back into consolidation.
XRP Technical Analysis: Why $2.94 and the 33-Day SMA Matter
Market strategist EGRAG Crypto highlighted $2.94 as the first big hurdle for XRP. A close above this zone would signal fresh strength—and XRP managed to achieve that on September 8, closing at $2.9694, its highest finish since late August.
But the real test sits at the 33-day simple moving average (SMA), which recently adjusted to $2.9853. As long as XRP can’t secure a close above this SMA, the $3 level remains out of reach. EGRAG suggests that clearing this line would confirm resilience and complete the corrective “throwback” that dragged the token to $2.70.
XRP Price Resistance Levels: $3.06, $3.40, and $4.20 Targets
If XRP clears the 33-day SMA, the next milestone lies at the 55-day SMA ($3.066). A breakout here would reinforce bullish control. Beyond that, $3.40 becomes the critical resistance, aligning with XRP’s January 2025 high. EGRAG labeled this as the decisive confirmation zone, a point that could unlock upside potential toward $4.20.
XRP Bullish Forecast vs. Risks Ahead
Not everyone is cautious. Market commentator Gordon argues that XRP’s extended consolidation has built a strong base. In his outlook, once momentum flips, XRP could aim for $6. Still, risks remain—failure to hold above $2.94–$3 could keep XRP trapped in correction territory.
For now, the path forward hinges on whether XRP can secure closes above the 33-day and 55-day SMAs. Traders are watching closely to see if the token can confirm a bullish reversal in the coming days.
