XRP Trades in Narrow Range Between $3.04 Support and $3.24 Resistance Ahead of Key 4-Hour Close

• XRP is trading at $3.12, marking a 3.3% 24-hour decline, with BTC pairing down 1.2% to 0.00002620 BTC.
• The $3.04 level acts as critical support, while $3.24 remains firm resistance for short-term price action.
• A 4-hour candle close above the black diagonal trendline is needed to challenge the $3.24 resistance again.

XRP recorded a notable price decline over the last 24 hours, closing at $3.12 at the time of reporting. The token fell by 3.3% during this period, moving closer to its established support level at $3.04. The move came after XRP failed to maintain strength above a black diagonal trendline observed on the 4-hour chart.

According to the chart data from Binance, the level has served as a critical pivot point over recent sessions. A decisive 4-hour close above this diagonal was expected to favor bullish continuation. However, the current candle remains below this level.

XRP Struggles to Break Key Support and Resistance Levels

With the price now trading under the identified resistance at $3.24, attention has shifted toward the $3.04 support zone. This level has acted as a crucial threshold for XRP in recent weeks. If buyers fail to reclaim the black diagonal soon, the downward momentum could intensify. The 4-hour chart shows repeated attempts to retest the level without sustained success.

Source:(X)

Market data also indicates that the token is trading at approximately 0.00002620 BTC, marking a 1.2% decline in Bitcoin pairing over the same 24-hour period.In addition to the diagonal trendline, the horizontal resistance at $3.24 remains a significant barrier for price recovery. XRP has approached this point multiple times in August, yet sellers have defended it consistently.

The inability to surpass this range has reinforced its importance on the chart. Any movement toward this resistance will likely depend on holding above the $3.04 support first. The proximity of both levels creates a narrow trading range, increasing the relevance of short-term closes.

Market Eyes Upcoming 4-Hour Candle to Signal XRP Direction

The immediate technical picture places strong emphasis on the upcoming 4-hour candle close. A sustained close above the black diagonal could realign the market toward the $3.24 resistance. However, a close below $3.04 would shift focus to lower price levels and signal persistent selling pressure.

The current two-hour countdown on the live chart indicates traders are monitoring this session closely. Price action in the coming hours will therefore determine whether XRP reclaims lost ground or continues its descent from current levels.