Market strategist Gordon recently shared an XRP/USD chart on X, pointing to a classic “bowl” or rounding-bottom formation. This pattern is significant in technical analysis because it often signals the potential for a powerful upward move once resistance at the rim is broken. Gordon’s message is clear: if XRP can break through this level, the market could accelerate sharply to the upside.
XRP is consolidating just below the crucial resistance zone. Over the past week, the token has tested the low-$3.30s before easing slightly. As of report time, XRP trades at $3.10. Market trackers confirm that recent intraday highs have reached about $3.33, while lows have dipped just above $3.10. The $3.30–$3.33 range remains the key ceiling that traders are watching.
Why the $3.30 Zone Matters
The $3.30 resistance aligns with recent local highs and sits just below XRP’s all-time high of $3.84, first set in 2018. This level is more than just psychological—it represents a supply zone where sellers have historically stepped in. A successful breakout and hold above this band would likely draw renewed momentum, paving the way for XRP to retest its historical peak.
When $XRP breaks out from this bowl, we are going to SEND.
Do you understand? pic.twitter.com/TZMlMcRZTz
— Gordon (@AltcoinGordon) August 16, 2025
Legal and Market Tailwinds
The technical setup is unfolding at a time when fundamentals are also turning favorable. The long-running SEC lawsuit against Ripple has effectively concluded. According to Reuters, Ripple agreed to a $125 million penalty, and importantly, there was no finding that secondary-market XRP sales are securities.
This outcome removes years of regulatory uncertainty that weighed on XRP’s market sentiment. CoinDesk also reports that volumes surged around the $3.20–$3.33 range immediately following these developments, underscoring the market’s relief and optimism.
What Traders Should Watch
For Gordon’s bullish projection to play out, XRP must secure a decisive close above $3.33 on strong volume. Ideally, the breakout would convert this resistance into new support, giving the market confidence for a sustained rally.
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If successful, the path toward the 2018 all-time high becomes increasingly viable. Until then, XRP remains in a consolidation phase between roughly $3.10 and $3.30, where false breakouts remain a possibility.
Gordon’s analysis captures a pivotal moment for XRP. With a powerful rounding-bottom pattern in play and regulatory headwinds easing, the stage is set for a potentially explosive move. The $3.30–$3.33 zone now serves as the decisive battleground.
A breakout would likely validate Gordon’s “send” outlook and open the door for XRP to challenge its 2018 highs, while rejection would keep the market trapped in its current range.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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