XRP's constructive bowl-shaped base approaches a key breakout! $3.30 could trigger a historic high surge.

After two weeks of steady recovery, the price of Ripple (XRP) has once again surpassed $3.00 and is approaching the key resistance zone of $3.30 in mid-August. The technical analysis shows that XRP is forming a typical “cup and handle” pattern, and if it can successfully break through, it may trigger a crazy rally towards historical highs.

Bowl-shaped Base Formation and $3.30 Key Resistance

Since the end of July, the price trend of XRP has shown an accumulative structure of “gradually raising lows + repeatedly testing the upper supply.”

Bowl-shaped base: Multiple higher lows formed at the end of July and early August, creating a smooth arc-shaped bottom.

Resistance band: $3.30–$3.33 is the current core area of the bulls and bears contesting.

Recent Trend: On August 13-14, XRP rose from $3.24 to $3.33 during the trading session, indicating an increase in buying power.

Technical analysts point out that this pattern is similar to a “cup bottom” or “round bottom,” with the core characteristics being a solid bottom and gradually warming volume. Once it breaks through the neckline (3.30 USD), it is often accompanied by accelerated upward movement.

Breakthrough Verification Conditions: Closing Price + Trading Volume

To confirm the bowl-shaped foundation breakout, both conditions must be met:

Closing price breakthrough: The daily or weekly line must stabilize above 3.30–3.33 USD.

Increased trading volume: A clear increase in volume accompanies the breakout, avoiding a “false breakout.”

According to CoinDesk data, in mid-August, XRP showed signs of “heavy buying from agents” when it reached $3.33. If it fails to break through and falls below the $3.05–$3.14 support, it would mean that the price will return to range-bound fluctuations, delaying the confirmation of the trend.

Historical High Point Targets and Risks

If the breakout is established, the market will target the long-term resistance zone of 3.50–3.84 USD:

3.50 USD: A widely referenced high point outside of Korean exchanges

3.84 USD: Historical high of the composite benchmark

To truly open up new historical highs, XRP needs to confirm multiple closing prices above 3.30 USD and ultimately stabilize above 3.50 USD.

Risk Warning: If it fails to break through, the price may test the support zone of 2.85–3.05 US dollars, which will become the pivot point for the bullish and bearish pattern.

Conclusion

The current bowl-shaped structure of XRP at the resistance level of $3.30 is becoming the focus of the market. If it can break the neckline with volume, XRP may usher in a crazy rally towards its historical highs; conversely, it may continue to oscillate within the range. For investors, the upcoming closing prices and trading volumes will be key signals to determine whether the bull market can fully ignite.