XRP breaks below $3 support, testing the key $2.90 level before the next move.
Resistance at $3.30 remains critical for bullish continuation in coming weeks.
Support zones at $2.60 and $2 could come into play if selling continues.
XRP just cracked below the $3 mark, shaking market confidence. With bears eyeing $2.60 and even $2, bulls must reclaim $3.30 quickly or risk handing momentum back to sellers in coming sessions..
XRP Price Action Signals Caution
At the time of writing, XRP trades at $2.95, down 5.5% on the day. The token remains stuck between $2.90 support and $3.30 resistance, a range that has defined the market since mid-August.
This comes after a volatile year. Between January and March, XRP swung between $2.55 and $3.50, before dipping near $2 in April. Buyers stepped in, lifting the price back above $2.55 and later through $3 in July. The rally pushed XRP near $3.50 but failed to break higher.
Since then, the market has cooled. Repeated rejections at $3.30 capped the upside, while $2.90 has held as a short-term floor. Analysts warn that if $2.90 gives way, XRP could slip to $2.60, with $2 as the ultimate line of defense.
Broader Market Adds Pressure
The caution is not just limited to XRP. The wider crypto market has also shown weakness, with capitalization dropping sharply over the past week. Risk sentiment remains low, dragging on large-cap altcoins.
For XRP, technical indicators mirror this trend.Momentum has cooled, and XRP is stuck moving sideways. Unless buyers step in with a strong push, the token could stay trapped in this range or slide into a deeper pullback.
Critical Levels for Bulls and Bears
Right now, $3.30 is the line in the sand. If XRP can break past it, more upside could follow. But if it fails again, the token stays exposed to further downside.Support at $2.90 is equally important. A breakdown would likely see bears test $2.60 and possibly revisit $2.
Despite the short-term uncertainty, XRP continues to show resilience compared to earlier in the year when it traded near $2. Long-term investors still view $2.00 and $2.55 as strong accumulation zones, with these levels holding firm during prior sell-offs.
For now, all eyes remain on the $3.30 resistance. If bulls reclaim it, sentiment could quickly turn. If not, bears may extend their grip further into the $2 range.
The post XRP Struggles Below $3: Key Resistance at $3.30 Could Decide Its Fate appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
