Sideways Trend Continues as Bulls Defend $3.00 Support
After this month’s earlier rally, $XRP price action has shifted into a consolidation phase. The token is currently trading near $3.11, pulling back from its recent high of $3.70. While bulls are defending the key $3.00 level, upward momentum has noticeably slowed.
📊 Market Snapshot
Current Price: $3.114
Range: $3.05 – $3.18
9-Day SMA: $3.246
Volume: Weak
Support: $3.00
Resistance: $3.25
🚨 Key Observations:
Price remains below the 9-day moving average, indicating short-term resistance.
Low volume and tight price movement suggest market indecision.
Technical support at $3.00 remains intact—for now.
Momentum indicators still lean slightly bullish, but buyer strength is fading.
📉 Yesterday’s Call:
We noted that $3.30 was the level to beat to continue the bullish trend. That breakout didn’t occur, and the price stayed between $3.00 and $3.14, as predicted.
📈 Technical Indicator Summary (Daily):
RSI: 57.16 → Bullish
ADX: 60.12 → Strong trend strength
MACD: 0.172 → Positive momentum
CCI: -65.09 → Short-term weakness
ROC: 6.699 → Bullish
Bull/Bear Power: -0.0387 → Bears slightly ahead
🔍 Scenarios to Watch Today:
✅ Bullish:
Break above $3.30 could signal a move toward $3.65 or even $3.82.
🔄 Neutral:
Expect sideways action between $3.00 – $3.14 if momentum stays weak.
⚠️ Bearish:
A breakdown below $3.00 could open the door to $2.80, or even $2.44.
🧠 Final Take:
XRP is currently stuck in a range-bound pattern, with bulls holding the line but unable to push through. Without a strong volume spike or momentum shift, price action may remain flat until a breakout or breakdown gives direction.
