XRP Price Prediction: After consolidation, it is poised for a breakout, and a breakthrough at 3.12 USD will trigger a new round of pump.

The price of Ripple (XRP) formed a solid support above $3.00 on September 19 and successfully broke through the key resistance level of $3.050, initiating a new round of bullish momentum. Currently, the price is undergoing a healthy pullback, expected to find strong buying support in the $3.020-$3.040 range. Technical indicators suggest that if XRP can break through the resistance area of $3.12, it may trigger a larger-scale pump, targeting $3.25. At this critical moment, investors should closely follow the price movements.

XRP price has formed a solid support, a new round of pump has begun

(Source: Trading View)

The XRP price successfully maintained above the support level of 2.950 USD and has started a new round of pump like Bitcoin and Ethereum. The price quickly climbed above 3.020 USD and 3.080 USD, showing strong upward momentum.

The bulls even pushed the price above $3.120, forming a recent high at $3.138. Currently, XRP is pulling back some of its gains, briefly dropping below $3.10, and testing the 50% Fibonacci retracement level of the upward trend from the low of $2.9830 to the high of $3.138.

It is worth noting that the current price remains stable above $3.050 and the 100-hour simple moving average. In addition, a bullish trend line is forming on the hourly chart of the XRP/USD currency pair, with a support level at $3.040, which provides additional technical support for the price.

Key breakout point: $3.12 will determine the short-term trend

If the bulls can hold the support level at $3.050, the XRP price might attempt to rise again. On the upside, the price may face initial resistance around $3.10. However, the true key resistance level is near $3.120.

Technical analysis shows that if XRP can clearly break through the resistance level of $3.120, it may trigger a larger-scale pump, driving the price to the following targets:

· First is the resistance level of 3.20 USD

· Further increase may reach 3.2320 USD

· The next major target for the bulls may be around $3.250.

Technical Indicator Analysis: Bullish After Short-term Adjustment

The current technical indicators show that XRP is in a short-term pullback phase, but the overall trend remains bullish:

Hourly MACD: The MACD for XRP/USD is currently in the bullish zone, although it is losing some momentum.

Hourly RSI: The Relative Strength Index is currently below the 50 level, indicating some adjustment pressure in the short term.

Trendline support: The bullish trendline formed on the hourly chart provides a key support at 3.040 USD.

If XRP fails to break through the resistance level of $3.10, it may continue to decline. On the downside, the initial support level is around $3.050, or the 61.8% Fibonacci pullback level of the upward movement from the low of $2.9830 to the high of $3.138. The next major support level is around $3.020.

If a downward breakout occurs and closes below $3.020, the price may continue to drop to $2.980. The next major support level is around $2.9150, and if that support level is broken, the price may gain bearish momentum.

Investor Strategy: Follow Key Price Levels

Based on the current technical analysis, investors should closely follow the key price levels below:

Main support level:

3.050 USD (current trend line support)

3.020 USD (minor support)

3.00 USD (psychological barrier)

Main resistance level:

3.10 USD (short-term resistance level)

3.120 USD (key breakout point)

3.20-3.25 USD (target range after breakout)

XRP is currently in a key technical position, with the price stabilizing above the support level while testing an important resistance area. This consolidation pattern often signals impending significant volatility. Investors should remain vigilant and follow the breakthrough situation at the 3.12 dollar resistance level, which could mark the beginning of a new round of pump.