XRP price faced resistance near the $3.30 mark, prompting a correction. The cryptocurrency now tests key support levels amid mixed technical signals.
Key Highlights
- Correction Phase: XRP retreated from its $3.30 peak, currently trading below the 100-hour SMA.
- Critical Support: $3.00 emerges as a pivotal level—holding above it could reignite bullish momentum.
- Resistance Zones: Immediate hurdles at $3.20 and $3.25; breakout potential toward $3.45 upon clearance.
Market Analysis
Downward Pressure Intensifies
After a brief climb past $3.25, XRP encountered selling pressure, breaching:
- The $3.20 support level
- A bullish trendline at $3.1450 (hourly chart)
- The 50% Fibonacci retracement level of its recent upswing
The asset now hovers near the 61.8% Fib level, with RSI below 50 suggesting bearish near-term sentiment.
Upside Potential Remains
Should $3.00 support hold, bulls may target:
- $3.15 – Initial resistance
- $3.20 – Key SMA confluence
- **$3.25–3.30** – Breakout zone toward $3.45
👉 Track real-time XRP price action for live updates.
Risk Factors
Failure to reclaim $3.20 may trigger:
- Test of $3.00 psychological support
- Potential slide toward $2.88 (previous swing low)
- Extended decline to $2.75 in bearish scenarios
Technical Indicators
| Metric | Status |
|---|---|
| Hourly MACD | Bearish acceleration |
| Hourly RSI | 46 (neutral-bearish) |
| Major Support | $3.00, $2.88 |
| Major Resistance | $3.20, $3.25 |
FAQ
Q: Is this XRP correction normal?
A: Yes. After a 9% rally, a 4–6% pullback aligns with healthy market behavior.
Q: When might XRP resume its uptrend?
A: A hourly close above $3.25 with rising volume could signal trend continuation.
Q: What's the worst-case scenario?
A: A daily close below $2.88 may invalidate the bullish structure temporarily.
Note: This analysis contains no investment advice. Cryptocurrencies involve substantial risk—conduct your own research before trading.
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