$XRP – At a Critical Decision Point
$XRP has come under pressure, pulling back from the recent peak of 3.1472 to trade near 2.99. Price action is now testing the lower boundary of its range around 2.9950, a crucial support level.
This area is likely to dictate the next move. If buyers manage to defend the support, a rebound toward 3.08 is possible, with further upside potential into the 3.12–3.14 zone. However, a breakdown beneath 2.94 could invite stronger selling, opening the door to more downside.
For traders, confirmation is key. Bulls should wait for signs of a bounce and a higher low before considering long positions, while bears will look for a decisive move under 2.94 to initiate shorts. Patience here is critical—the market’s next reaction at this zone will set the short-term direction for XRP.