$XRP Breakout or Fakeout?
$XRP is trading around $2.99, showing strong recovery momentum after testing lower levels. Price is pressing near the critical $3.00 mark, where bulls and bears are battling for control.
Key Levels to Watch
• Resistance: $3.00 – A breakout above this level could extend the rally toward $3.14 and $3.20.
• Support: $2.96 – Losing this level could send XRP lower toward $2.92 and $2.88.
Trade Setup – High Volatility Zone
• Bullish Entry: A confirmed move above $3.00 could target:
TP1: $3.14
TP2: $3.20
• Bearish Entry: A break below $2.96 could target:
TP1: $2.92
TP2: $2.88
With XRP testing a psychological level at $3.00, the next breakout or rejection will decide the short-term trend. Traders should watch for volume confirmation before entering new positions.