Analysis of XRP's Key Resistance

The price of #Xrp🔥🔥

currently faces a significant technical resistance at the $3.00 zone, according to recent analyses. This level has been identified as a critical point that could determine the future direction of the price. Below, I detail the key points based on the available information:

Technical Resistance at $3.00:

The $3.00 level is an important psychological and technical barrier, supported by 4-hour chart analyses and liquidation heat maps on Binance. This level has halted previous XRP rallies, such as in March 2025, when a rejection in this zone led to a 46% drop to $1.61.

A high concentration of liquidations is observed above $3.04, reinforcing the importance of this resistance. If XRP surpasses this level, a liquidation contraction could be triggered, pushing the price towards $3.14 or even $3.40, close to its all-time high (ATH) of $3.3963 recorded in January 2025.

Key Supports:

If XRP fails to break through $3.00, the supports to watch are at $2.65, $2.40, and $2.10. A drop below these levels could indicate a deeper consolidation or correction towards $1.90 or $1.80.

Technical Indicators:

The RSI (Relative Strength Index) is in neutral territory (~53.67), suggesting a balance between buyers and sellers, with no clear signs of overbought or oversold conditions.

The MACD shows weak bullish momentum, with a declining histogram, which could indicate a pause in the bullish momentum in the short term.

Elliott Wave analysis suggests that XRP is in a bullish phase within a zigzag (wave [C]), which could drive the price towards $3.30 if the trend holds.