It’s on XRP I’ve regained momentum After defending a key support level of $2.8. The rebound propelled the tokens above $3. This is a psychological mark that traders look closely at. $XRP is currently trading $3.04the market is speculating whether this bounce sets the stage for another bullish breakout, or whether resistance levels can stop moving.
Technical Analysis: XRP Breaking Down Trend Resistance
Looking at the daily charts, XRP has recently emerged from the downward trend that had been limiting price action since mid-July. The breakout involved landfilling 50 Day SMA ($3.01)a bullish technical signal that often attracts fresh buyers.
XRP/USD 1 Day Chart – TradingView
A 200-day SMA is $2.49provides the following strong cushioning for pull back. Meanwhile, the RSI is: 56.82showing positive momentum, but it can leave the room before hitting the conditions of overbuying, suggesting the more opposite possibility.
Key support and resistance levels
- Immediate support: $3.00 – A critical psychological and technical level currently serving as the first zone of defense.
- Strong support: $2.80 – if XRP rebounds earlier and the Bulls show significant purchase rights.
- Deeper support: Levels matching the 200-day SMA and previous integrated zones are $2.50 and $2.20.
- Immediate resistance: $3.20 – A short-term barrier that can be restricted upside down before further profits.
- Major resistance: $3.61 – The next major benefit if bullish momentum continues.
Short-term outlook (together weeks)
If XRP is held above $3.00The bull can aim $3.20 And finally I’ll test it $3.61 In the coming weeks. A decisive break above $3.61 could confirm the continued wider uptrend.
On the downside, if you can’t maintain $3.00, your XRP could be retested $2.80 support. If that level fails, the price may drop $2.50200-day SMA provides a powerful safety net.
XRP Price Prediction: What’s next for XRP?
The rebound from XRP from $2.8 and the recovery of $3 represent a significant turning point in the market structure. With a bullish alignment of breakouts above the downtrend line and moving averages, XRP shows early signs of new intensity. However, future sessions will be decisive. Opening a pass towards $3.61 by over $3, and losing momentum could potentially bring XRP back into the $2.80-$2.50 zone.
