XRP Moves Sideways, Awaits Breakout Signal
Currently, XRP is trading at $3.1845, down slightly by 0.18% over the past 24 hours. Price action remains in a tight range between $3.1564 and $3.2387, reflecting market indecision. Recently, XRP surged to a high of $3.4279, gaining over 7.64% in a short spike — a move dubbed a “God Candle” by trader CoinsKid.
This explosive candle hinted at a breakout from a multi-session consolidation zone, sparking renewed bullish speculation. However, a proper retest of $3.42 is needed to confirm this breakout as valid support.
On the 4-hour chart, exponential moving averages (EMAs) are tightly clustered near the current price: the 10 EMA sits at $3.1764, the 20 EMA at $3.1912, and the 55 EMA at $3.2137. Such convergence often signals impending volatility and directional follow-through.
Further strengthening the bullish bias, the 200 EMA lies far below at $2.8457, indicating XRP is still in a broader uptrend. The 100 EMA at $3.0961 also offers dynamic support, making the $3.00–$3.10 zone attractive for dip buyers.
Why the $3.42 Backtest Matters
According to CoinsKid, XRP must revisit and hold $3.42 as support to confirm a true breakout. If bulls can defend this level, it would reinforce confidence in further upside. On the other hand, failure to hold could result in a retracement toward the lower support band near $3.00–$3.10, supported by the 100 EMA.
During the God Candle spike, trading volume surged past 22 million XRP, reflecting strong buying pressure. Since then, volume has tapered off, suggesting the market is in a wait-and-see phase.
If XRP can reclaim and stay above $3.42, it could open the door to the next resistance zone between $3.70 and $4.00. However, if bulls lose momentum, a pullback could test key supports.
As market momentum builds, CoinsKid’s analysis underscores the importance of the current retest. Traders are now watching closely to see whether XRP confirms a continuation of the uptrend or signals a deeper correction ahead.
