$XRP is currently trading between $2.99 and $3.00, up nearly 4% in the past 24 hours. With a market cap of $177.31 billion and trading volume of $4.85 billion, XRP is showing signs of recovery, but faces strong resistance ahead.
Key Levels to Watch
Resistance: $3.05 and $3.10 are acting as major resistance levels. XRP tried to break above $3.03 but got rejected, showing sellers are still active.
Support: $2.98 is the immediate support on the 1-hour chart. If this level fails, the price may drop to $2.93–$2.90. On the daily chart, $2.80 is the major support level, and a break below it could push XRP toward $2.60.
Price Trend and Market Structure
XRP has recovered from its recent low of $2.72, forming a bullish pattern of higher highs and higher lows. However, volume during this bounce is lower than the heavy selling seen earlier in the month, signaling traders are still cautious.
On the larger daily chart, XRP is still in an uptrend. It had a strong rally from $2.15 to $3.66 before entering a pullback phase. Currently, the price is moving sideways between $2.80 and $3.05. A strong move above $3.20 could restart the rally toward the previous highs of $3.40–$3.66.
Technical Indicators
Neutral RSI (51.37) and Stochastic (19.53) show no strong momentum in either direction.
MACD and Momentum are mixed—MACD shows slight bearishness, while momentum hints at a possible upside.
Moving Averages: Short-term signals are bearish (10 and 20-period EMAs/SMA), but longer-term averages (50, 100, 200 periods) show strength, meaning long-term holders are still optimistic.
What Could Happen Next?
Bullish Scenario: If XRP holds above $2.98 and breaks $3.05 with strong buying volume, it may rally to $3.10–$3.15 soon. A move past $3.20 on the daily chart could target $3.40 and eventually $3.66 again.
Bearish Scenario: If the price drops below $2.98, XRP could fall to $2.93 or $2.90. A break below $2.80 on the daily chart would be a strong bearish sign, possibly sending it down to $2.60.
Final Thoughts
XRP is currently in a neutral zone, waiting for a big move. Traders should watch the $3.05 and $2.98 levels closely. A breakout or breakdown from here could decide the next big trend.
