While the crypto market wavers in uncertainty, XRP $XRP defies expectations. Bouncing back after a drop below $3, the asset reactivates projections toward $4. This sudden surge, against a backdrop of massive liquidations, places XRP back at the center of the speculative game. The $4 threshold, forgotten since 2018, becomes a credible target again for bullish investors, in an environment where few assets manage to reverse the trend with such strength.
In Brief
XRP records a notable rebound to $3.214 after falling to $2.96, drawing market attention once again.
The previous decline was intensified by over $105 million in long liquidations amid a widespread crypto pullback.
This reversal is supported by solid technical support and reignites speculation of a potential return to $4 or even $4.50.
A break above $3.66 would be necessary to validate a bullish scenario, while a fall below $2.96 could lead to a correction toward $2.60.
💥A Technical Rebound and Key Levels: XRP Surprises Observers
After three consecutive sessions of decline, XRP hit a low of $2.96 before bouncing back strongly to an intraday high of $3.214 this Saturday. This movement marks a clear break with the downward trend started a few days earlier.
Such a bullish reaction could be a strategic buying signal. The rebound above $3.20 implies that bullish investors are defending aggressively. This reversal occurs in a volatile climate as markets digest a broad correction in the crypto sector.
✨XRPUSDT chart by TradingView
This rebound fits into a series of specific technical and structural events, notably:
A weekly drop of 6.56% for XRP, intensified by panic moves in secondary markets;
A liquidation of more than $105 million in long XRP positions, constituting the second-largest altcoin liquidation wave during the overall $735 million crash;
The formation of solid support around $2.96, a level that buyers defended vigorously;
A resistance zone identified at $3.66, above which analysts believe a breakthrough could open the way to $4 and then $4.50.
This technical setup indicates that XRP could be on the verge of a reversal, provided the current bullish momentum is maintained. However, the risk of failure below $3.66 is real, in which case sellers could regain control, with a potential target back toward $2.60.
👉A Return of Speculative Interest and a Global Context to Watch
Beyond technical aspects, there is also a general market stir that could explain XRP’s renewed strength. The asset regains investor interest as a wave of optimism around ETFs sweeps the market. Indeed, it is clear that overall sentiment benefits from the momentum surrounding crypto-backed financial instruments, including crypto ETFs, and XRP could indirectly benefit from this.
This dynamic is all the more notable as it occurs in a context of loss of momentum for many other altcoins, often caught in the wake of Bitcoin’s turbulence. However, XRP seems to show relative resilience, supported by a core group of investors and renewed hopes for appreciation.
Thus, the next target remains a move above $3.66, a threshold that would open the way to the famous $4, or even $4.50. Failure to maintain the current momentum could lead to a deeper correction toward $2.60. These technical levels act here as catalysts for sentiment.
In the medium term, XRP’s move toward $4 or $4.50 will depend as much on fundamentals as on market psychology. If the current push is supported by credible volumes and restored confidence, the bullish scenario could confirm. Conversely, a loss of support at $2.96 would rekindle selling pressure. For now, XRP remains in a pivotal zone, oscillating between speculative hope and structural fragility, and only confirmation above major resistances will decide the true nature of this rebound.
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