• XRP has broken the $3 resistance 101 times, highlighting persistent market pressure at this level.
• Current support at $2.98 remains critical, preventing further downside during recent trading sessions.
• Price consolidates within a $2.98–$3.04 range, showing reduced volatility but continued resistance rejections.

XRP has once again tested the $3 level, marking the 101st time it has broken past this resistance in recent trading. The token is currently compressing following a spell of instability, where the prices are close to immediate support. 

At the time of writing, XRP is trading at $2.98 registering a weekly drop of 5.8%. The existing price trend has put the asset in a price band that is narrow and it is under close observation by the market actors tracking the subsequent direction of the asset.

Consolidation Between Support and Resistance

In the last 24 hrs, XRP was going in an established range of between $2.98 and $3.04. This merge is after a slight encounter at $3.031 which could not hold on to the trend above resistance. A firm support has been formed at the $2.98 level that has prevented further losses as it has been solid support in the recent correction. 

Nonetheless, recurring rejections in the range of $3.04 still deter any further developments. Price activity now reflects reduced volatility compared to earlier sessions, although the tight range suggests increased market indecision.

Repeated Breakouts Define Recent Pattern

XRP has developed a recurring pattern of repeated breakouts above $3. Notably, this latest move marked the 101st attempt to break resistance at that level. Each attempt has faced immediate selling pressure, which has capped upward movement and triggered quick reversals. 

Despite this, XRP has remained above its key support at $2.98. Market observers highlight the importance of this support zone, as it continues to anchor price stability during volatile sessions.

Market Implications of Sustained Range

The frequent breakouts and reversals highlight the present stage of consolidation of XRP. Within the range of price fluctuations between $2.98 and 3.04, the support and resistance are reflected. It is important to note that although such pressure on the downside has been in the short term, the stability at support is considerable. 

Market participants are now closely assessing whether XRP can extend movement beyond its established range or maintain current conditions. This consolidation phase suggests that the asset continues to respond to high levels of trading activity around these defined levels.