XRP finds itself at a critical juncture as traders weigh the next potential move. After a significant pullback from recent highs, the token is now testing a key support level that could determine whether we see a strong bounce or further downside pressure.
XRP Price Stabilizes at $2.83 Following Sharp Decline
After hitting a peak of $3.66, XRP has settled around the $2.83 level - a zone that traders are watching closely as a potential launching pad. Recent technical analysis suggests this could be a classic bounce setup, with analysts calling it a "Reversal Pullback" scenario that typically hints at a move back toward the $3.00 resistance zone.
XRP Bulls Target $3.00 Resistance for Potential 19% Gain
If the current support holds, XRP could see a solid 19% move higher, putting it back at the $3.00 mark - a key psychological level that's been acting as both support and resistance in recent cycles.
The setup is appealing for traders looking at the risk-reward profile. A convincing push through the $2.90-$3.00 zone would likely confirm that the recent pullback was just a healthy correction rather than the start of something more serious.
XRP is at a crossroads. The $2.91 support is holding for now, but the real test comes when the token tries to reclaim that $3.00 level. A successful break above could bring back the momentum from XRP's earlier rally.
Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.
XRP Price Eyes 19% Rally: Can $2.83 Support Drive Recovery to $3.00?
XRP finds itself at a critical juncture as traders weigh the next potential move. After a significant pullback from recent highs, the token is now testing a key support level that could determine whether we see a strong bounce or further downside pressure.
XRP Price Stabilizes at $2.83 Following Sharp Decline
After hitting a peak of $3.66, XRP has settled around the $2.83 level - a zone that traders are watching closely as a potential launching pad. Recent technical analysis suggests this could be a classic bounce setup, with analysts calling it a "Reversal Pullback" scenario that typically hints at a move back toward the $3.00 resistance zone.
XRP Bulls Target $3.00 Resistance for Potential 19% Gain
If the current support holds, XRP could see a solid 19% move higher, putting it back at the $3.00 mark - a key psychological level that's been acting as both support and resistance in recent cycles.
The setup is appealing for traders looking at the risk-reward profile. A convincing push through the $2.90-$3.00 zone would likely confirm that the recent pullback was just a healthy correction rather than the start of something more serious.
XRP is at a crossroads. The $2.91 support is holding for now, but the real test comes when the token tries to reclaim that $3.00 level. A successful break above could bring back the momentum from XRP's earlier rally.