🔹 $XRP quotes at $3.02 after failing to break $3.12 — tension in the altcoin market
📊 Current price and clear technical structure
XRP remains at $3.02, with an intraday range between $2.79 and $3.03 ─ pullback from levels of $3.12 without managing to sustain the breakout. It is consolidating within the defined lateral channel between $2.85 and $3.12, in a zone of technical uncertainty (Source: tradingview, bravenewcoin).
⚙️ Key factors
Support at $2.80 was defended with volume, reinforcing the local rebound narrative.
Despite the recent rally, the SEC has yet to define a resolution on Bitwise's ETF, which increases volatility and indecision.
Although USA Today called it "the smartest cryptocurrency to buy," the markets did not react positively, showing divergence between media hype and real sentiment.
🔧 Key technical level today
Support: $2.85–$2.80
Resistance: $3.12–$3.15 (key psychological zone)
Critical zone: a sustained close above $3.12 could pave the way to $3.30–$3.50; while a drop below $2.80 could lead to new lows towards $2.50.
🌐 Institutional outlook / macro vision
The lack of clear regulatory news and the predominance of speculation on social media feed a waiting atmosphere. XRP pulls back although it maintains a healthy technical base, pending institutional movements that have yet to arrive. Volume has dropped ~23% in 24h, reflecting widespread caution.
Would you buy XRP now with support at $2.80 or would you wait for a breakout confirmation above $3.12? Comment on your decision 👇
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