XRP Price Stalls Below $3.20 As Traders Watch Key Breakout Level

XRP is once again locked in a sideways range, with analysts warning that a decisive close above the $3.13–$3.20 zone is required to fuel the next major move.

According to technical analyst EGRAG CRYPTO, this level, dubbed the “pinkish square”, remains the most important short-term resistance for XRP. Despite repeated attempts, XRP has not yet managed a sustained close above it on the three-day chart.

Key Resistance and Ranging Structure

EGRAG explained that as long as XRP remains capped under $3.20, the asset is likely to continue ranging, with the potential to revisit lower supports. He highlighted that the macro noise zone stretches between $2.65 and $3.65, a wide band that has kept XRP’s price choppy for months.

The analyst stressed that both bears and bulls are vulnerable to being “wrecked” within this environment unless XRP confirms a breakout. Only a clear candle close above the $3.20 level, he argued, could establish momentum toward higher targets, including the $3.44 resistance line visible on his chart.

Macro Context and Market Correlation

EGRAG also tied XRP’s movements to the broader crypto market. In his view, Bitcoin (BTC) rejection at current levels could drag Ethereum (ETH) lower, which would in turn pressure XRP. On the flip side, a bullish impulse driven by BTC’s resilience could set up what he described as an “explosive” XRP rally.

This dynamic underscores XRP’s ongoing correlation with major assets. While XRP has carved out unique technical zones, its next trend likely hinges on broader market flows and sentiment.

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The Road Ahead for XRP

Despite the current lack of breakout confirmation, EGRAG urged the XRP community to remain steady. “If we don’t close above my pinkish square on the 3-day chart, there’s nothing to see, and we’re just ranging with potential to go lower,” he wrote.

Still, the long-term outlook remains constructive. If XRP can finally break above $3.20 with conviction, technical models suggest a path toward higher resistance levels and possibly new cycle highs. Until then, traders are advised to monitor the $2.65–$3.65 zone as the battleground for XRP’s next decisive trend.