XRP Battles Key Resistance at $3.10: Fakeout or Fuel for a Bigger Breakout?
XRP’s price action has once again placed the cryptocurrency in the spotlight, as it briefly pierced above the critical $3.10 resistance before slipping back below it. The move has sparked fears among traders of a classic fakeout, a failed breakout that traps buyers and opens the door to short-term downside.
Yet, according to market analyst Shaminem, beneath the drama lies a setup that still favors the bulls, provided certain conditions are met.
The $3.10 Resistance: Why It Matters
The $3.10 level has become a key battleground for XRP. Breaking above this price would not only signal strength but also pave the way for a potential push toward the next upside target around $3.40 or higher.
However, for the breakout to be considered legitimate, XRP needs to reclaim $3.10 with conviction. That means strong trading volume and, importantly, a daily close above the level. Without these, momentum may falter, leaving the door open for sellers to reassert control.
Shaminem pointed out, “XRP is at a decision point. A strong close above $3.10 could fire up momentum for another leg higher. If bulls deliver volume and on-chain engagement now, the path toward $3.40+ is open.”
Recent analysis also shows that the 3rd-largest cryptocurrency is also eyeing a $3.60 breakout if buying interest persists.
Signs of Cooling Momentum
Adding to concerns is the recent decline in on-chain activity. Data shows XRP transactions have dropped sharply from a recent peak of 11.7 million, a sign that user activity and network demand may be cooling off.
On-chain health often acts as a leading indicator for price momentum, and the dip in activity raises questions about whether XRP has the fuel to sustain a move higher. For the bullish case to remain intact, Shaminem stresses that transaction growth will need to reverse and show renewed strength.
The Safety Net: Support Levels to Watch
Despite the pullback, XRP’s technical foundation still looks relatively stable. Key support zones are positioned at approximately $2.81, aligned with the exponential moving average (EMA), and near $2.50, where the 200-day moving average (MA) provides a longer-term safety net.
As long as XRP holds these levels, downside risk is considered manageable. A clean defense of these supports would suggest that the broader uptrend remains intact, even if short-term volatility persists.
At the time of this writing, XRP was trading at the psychological price of $3, according to CoinGecko data.
The Bullish Path Forward
For bulls, the roadmap is clear: reclaim $3.10 with volume, secure a decisive daily close above it, and reignite on-chain activity. If these factors align, XRP could quickly gather momentum for a rally toward $3.40 or beyond.
Such a move would not only invalidate the fakeout fears but also strengthen confidence that XRP is entering a new phase of market expansion.
Conclusion
XRP’s pullback below $3.10 has sparked uncertainty, but strong support suggests the battle isn’t over. All eyes are on $3.10, if bulls reclaim it with conviction, renewed momentum could drive the next leg higher.
