🟠 $XRP resists at $3.11 despite macro pressures. Should we accumulate or wait for a reaction?
Current price and clear technical structure
XRP is trading at $3.11, with an intraday range between $3.01 and $3.15. After a correction conditioned by unfavorable macro data, the price maintains support at the level of $3.08 to $3.10, preserving the overall bullish structure. Trading volume remains high.
Key factors
Pressure from inflation (US PPI): The increase in the producer price index affected confidence, generating sales of risk assets like XRP.
Legal clarity for Ripple: The resolution of the conflict with the SEC eliminated uncertainty, strengthening XRP's institutional base.
Positive legal potential: The SEC classified certain stablecoins as equivalents to cash, which opens the door to greater adoption of ecosystems like Ripple (including XRP).
Wider market movement: The crypto market experienced a general correction after the PPI report and the proximity of geopolitical events.
Technical level of the day
Support: $3.08–$3.10
Resistance: $3.15–$3.18
Critical zone: maintaining above $3.10 supports a possible rebound towards $3.20–$3.25, while breaking downward could trigger a correction towards $3.00.
Institutional outlook / macro view
The recent favorable resolution with the SEC and the regulatory recognition of the crypto sector strengthen the narrative of institutional adoption. Even with macro pressures, XRP maintains a strong base and emotionally seems to position itself as a strategic accumulation asset.
Will this be the best time to accumulate $XRP close to $3.10, or do you prefer to wait for clearer support and then enter?
Do you want analysis with signals and context instantly? Follow us at:
