‼️ $XRP loses -4 % and quotes at $3.11 after profit-taking; will it regain momentum?
Current price and clear technical structure
Current price: approx. $3.113
Daily variation: -3.94 %
Intraday range: between $3.08 and $3.35.
XRP breaks its consolidation in a narrow range, resulting in a present decline. It still maintains key technical support in the $3.10–$3.12 area, which could indicate accumulation after a correction.
Key factors of the day
The pullback primarily responds to profit-taking after its recent rally, where volume reached peaks of $12.4 B.
The overall volatility of the crypto market and correction in BTC/ETH also affects the traction of altcoins like XRP.
XRP continues to consolidate under a symmetrical triangle, a technical pattern that often precedes decisive breakouts.
Technical levels of the day
Key support: $3.10
Immediate resistance: $3.30–$3.35
Critical zone: maintaining a close above $3.10 could pave the way for an increase towards $3.30+.
Institutional outlook / macro view
Despite the short-term drop, XRP maintains solid technical fundamentals and continues to receive institutional backing, both due to the volume of activity and its role in cross-border payments. Additionally, the optimistic environment persists in light of a possible ETF approval and favorable conclusion of the legal case with the SEC.
Will you buy $XRP now that it is below $3.10, or will you wait for a confirmed bounce? Comment your strategy 👇
Follow us for real-time analysis, forecasts, and alerts:
