• XRP returns to an ascending triangle, holding above $2.97 support as resistance at $3.03 caps short-term gains.
• The breakout point is at $3.12122, which is also a Fibonacci level for continuation of the current bullish formation.
• Key EMAs at $2.957 and $2.912 are retest levels, with $2.85 being a key downside point of reference.

XRP is in a well-defined pattern on the four-hour chart, and price action has been conditioned by a rising triangle pattern. Presently, XRP is at $3.01, a 6.0% increase over the last week. Market action implies that as long as the token is above $2.973 levels, the pattern holds for the prospect of a measured move upward. Resistance at $3.03 is still capping gains but the setup is in favor of a breakout at $3.12122.

Key Resistance and Current Market Levels

The $3.03 resistance has topped recent session advances, stopping additional up momentum. The price, however, still finds support at $2.97, which has served as a firm floor on consolidation. 

The latest 24-hour range demonstrates XRP fluctuating at these levels, a pointer to cautious trading. Market analysts note holding above this support level is key in the continuation of the dominant bullish form.

Moving Averages and Potential Retests

Notably, the 21 EMA and 100 EMA provide additional reference points within this setup. The 21 EMA stands at $2.957, while the 100 EMA aligns at $2.912. Both moving averages offer possible retest levels in case of short-term weakness. 

If those areas fail to provide support, attention shifts to $2.85 as a critical threshold that must be preserved. These technical markers continue to define the balance between short-term pressure and longer-term structure.

Breakout Target and Upside Projection

The ascending triangle’s measured target points to $3.12122, representing the next key level to monitor if resistance gives way. Fibonacci projections also align with this breakout target, reinforcing the potential for higher movement. 

Also, the value of XRP to Bitcoin is 0.00002643 BTC with a very slight rise of 0.1%. This behavior can be claimed as stable placement based on wider volatility in the market.The focus now remains on how XRP interacts with the immediate resistance zone, as the technical structure continues to build.