$XRP quotes at $3.06, with an intraday range between $2.86 and $3.06. The cryptocurrency has fallen below the psychological level of $3 after facing pressure just below that key threshold.
⚙️ Key factors that marked the day
A TD Sequential 9 signal was activated, indicating possible bullish saturation and potential reversal zone.
Wallets detected strong outflows from wallets and insider moves such as the locking of 700M XRP in escrow by Ripple Labs during the day, increasing the circulating supply.
Consolidation in the general crypto market and institutional sales are driving a technical pullback from highs of ~$3.60–$3.70.
Despite the correction, analysts warn that this could be a buying opportunity, and not the end of the rally: clean technical structures and momentum are already observed from the support of $2.80–$3.00.
📏 Technical level of the day
Immediate support: $2.80–$2.95 (accumulation zone detected)
Resistance: $3.03–$3.10 (ceiling violated today)
Critical zone: staying above $2.95 could facilitate a rebound towards $3.10–$3.30; sustained drop below $2.80 opens the risk to test down to $2.60–$2.50.
🌐 Macro / institutional outlook
Ripple continues with its supply management strategy: locking large amounts of XRP in escrow is usually used to avoid oversupply and control volatility. The overall sentiment remains positive thanks to regulatory backing and ETF possibilities that update the institutional narrative, even during bearish moments.
Do you see the correction as a buying opportunity below $3 or do you prefer to wait for a breakout above $3.10? Comment on your strategy 👇
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