$XRP just pulled one of those classic crypto stunts, and here’s my straight-up breakdown.
We saw a strong push today—price jumped from $2.78 to $3.10, looking like the start of a real breakout. For a brief moment, the hype was strong.
But just as fast, it snapped back down to around $3.02. On the 1H chart, that rejection at $3.10 says a lot. It didn’t have the legs for a proper run; it looked more like a quick liquidity grab. My guess? Bigger players pushed price into that $3.10 zone, baited retail FOMO, then locked in profits. Classic whale play.
Here’s how I see it now:
Support: The $2.97–$2.98 zone (right on the EMA99) is crucial. If XRP breaks below, we could easily revisit $2.85. That’s the must-hold level.
Resistance: Sellers are defending hard at $3.05–$3.10. Without a solid close above $3.20, this is just range-bound chop with spikes.
Psychology: That $3 level is acting more like resistance than support. Until it flips into a reliable base, I’m treating pumps as short-term plays, not the start of a new uptrend.
For me, the confirmation of a genuine breakout comes only if XRP clears and holds above $3.20. Until then, caution is key. Respect the volatility, but don’t confuse quick momentum with a real trend shift. Stay sharp.
