🚨 What Next for XRP as $2.75 Holds After Sharp Decline from $3?
📊 Technical Situation: A Critical Test Zone
Support at ~$2.75: This level coincides with XRP’s 200-day moving average and a long-term uptrend line, anchoring the broader bullish structure unless broken decisively.
Immediate resistance: Hovers between $2.90–3.00, a zone where price has failed twice recently and failed to sustain above.
Bull trigger zone: A clean daily close above $3.25 opens path to $3.33–$3.40 resistance — a level that may flip to support.
🔁 Scenario A: Bounce & Close Above $3
If XRP holds $2.75 on multiple retests (like it did today with institutional support), a corrective bounce back toward $3.25–$3.40 becomes viable. Breakouts beyond $3.40 could shift the near-term target to $3.50–$3.60, and in optimal conditions, $4.00+—especially if whale buying continues.
🛑 Scenario B: Breakdown Below $2.75
Breaching $2.75 risks a drop to mid‑$2.50s—a zone defended by longer-term bulls. Below $2.50, more sales pressure could drag XRP toward $2.45 and even $2.30.
🧠 What to Watch
Metric Watch For
Volume & whale transfers Surge at dips—like $28M sold last session—would confirm bearish follow‑through
On-chain activity Trending stable addresses and institutional accumulation reinforce bullish case. Retracted volume or exits could induce breakdown.
Macro catalysts Progress on XRP/SEC litigation or ETF launches have triggered sharp rallies before. Absence of updates may stall momentum.
🧾 Bottom Line
$2.75 is the line in the sand. Holding it avoids invalidation of the broader structure and sets up a potential recovery. But failure could lead to a deeper correction—possibly toward the $2.40–$2.30 zone. For traders, the edge lies in defining entry around $2.75–2.80, managing stops tightly, and watching $3.25+$ volume breakouts for upside conviction.
