$XRP Tests $2.92 – Breakout Rally or Cooling Phase Next?
$XRP is trading at $2.9206, showing strong bullish momentum after reclaiming support at $2.85 and testing fresh highs near $2.93. Buyers have stepped in with heavy volume, but now XRP is at a key decision point: will bulls extend the rally or will sellers enforce a pullback?
Key Levels to Watch
• Resistance: $2.93 – A clean breakout above this could drive price toward $3.00 and $3.05.
• Support: $2.85 – Losing this level may trigger a retracement toward $2.82 and $2.78.
Trade Setup – Possible Scenarios
Bullish Entry
• A confirmed breakout above $2.93 could target:
• TP1: $3.00
• TP2: $3.05
Bearish Entry
• A breakdown below $2.85 could target:
• TP1: $2.82
• TP2: $2.78
Final Note
XRP is moving with impressive strength, fueled by buyer dominance, but resistance at $2.93 remains crucial. A breakout could trigger another bullish wave, while rejection may lead to a short-term cooldown.