$XRP / USDT
The essentials of the moment:
Current price: approximately $2.89–$2.93, with intraday fluctuations between $2.82 and $2.99.
Strong technical support at $2.82–$2.90: Buyers have defended this zone convincingly, triggering a technical rebound from intraday lows.
Decisive resistance between $2.99–$3.00 (primary) and $3.17 (breakout key): A sustained break beyond these levels could lead to a rally towards $5+.
Technical structure in consolidation:
Daily chart: correction after failure to surpass $3.50, now in the support zone of the ascending channel and 100-day moving average.
4-hour chart: a descending triangle is forming with a base at $2.8–$2.9; a break below this zone would confirm a drop, while a break above would invalidate the bearish bias.
Recent mixed sentiment:
Intraday rise of ~6%, with tripled volume, driven by accumulation while market liquidation persisted ($360 M), and selling by whales.
The bullish momentum faces additional headwinds due to technical issues (low security rankings) and regulatory delays in the ETF.
Technical Scenarios
Scenario Key Condition Potential Targets
Bullish Sustained close above $3.17 Rally towards $5+
Neutral Stability between $2.82–$3.00 Consolidation before the breakout
Bearish Sustained drop below $2.82 Correction risk towards $2.40–$2.65
Express Recommendation
Buy if XRP closes firmly above $3.00–$3.17, validating new technical momentum and paving the way towards $5+.
Wait if the price remains between $2.82–$2.90, looking for a clear strength signal before re-entering.
