• XRP is currently trading at $2.81 with $7.72 billion in volume and $168.95 billion in market cap, registering mixed feelings.
• A sustained crossover above $2.82 may initiate bullish momentum towards $3.11 and even $3.28 regions.
• Failure to hold $2.80 can take price towards $2.56–$2.42 support, given RSI declines around 41.

XRP stands on the verge of a potential breakout as buyers intensify efforts near the $2.80 zone. After facing rejection at key resistance and slipping beneath the 100-day EMA, market signals reflect mixed momentum. Analysts note that a clear break above $2.82 may ignite recovery, while failure could trigger further decline.

XRP is trading around $2.81, with the 24-hour trade volume valued at $7.2 billion and the market cap at $168.95 billion, maintaining the market dominance with 4.08%. XRP’s price increased 0.73% in the past 24 hours, reflecting uncertainty among market participants.

XRP Break Above Resistance Could Ignite $3.11 Rally

According to market analyst Cypress Demanincor, XRP is positioned at a crucial inflection point where both bullish and bearish scenarios are unfolding. With institutional order flow data, Demanincor noted how price architecture over the next few days will decide XRP’s next major move.

On smaller timeframes, the buyers have been able to entrap the sellers within the $2.76 delta area, propelling the price above $2.80 and changing the short-term momentum. The most important task now is the re-taking of $2.82 with heavy volume confirmation. 

A breakout and sustained move above this level could open the path toward $3.11, and possibly $3.28, if buyers maintain control and defend intraday supports. On the daily chart, the same level of resistance is also matched by an obvious seller trap, so by breaking above this area, an aggressive continuation up is possible.

Breakdown Toward $2.56 Possible if $2.82 Fails

On the other hand, if XRP declines below $2.82, the sellers may reinitiate the momentum and drag the price down to $2.76. A subsequent breakdown below this point may open the road map for subsequent breakdowns towards $2.56 and $2.42, where the next possible demand points are. This will mean that the buyers were trapped in resistance, an indication that the downtrend pattern will continue.

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Technical Outlook: Key Levels and Indicators

XRP faced rejection from its higher trendline, causing an 8% drop and closing below the 100-day Exponential Moving Average (EMA) level of $2.85. XRP is currently around $2.80, below key moving averages.

The Relative Strength Index (RSI) is at 41, indicating declining buying strength, while the MACD indicator registered a bullish crossover this past week, suggesting sellers are still dominating. However, the price can reclaim the $2.82 resistance level, then XRP may target the next psychological level at $3.28, representing the potential recovery route for bulls.

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