XRP Eyes $3 After Bouncing from Key Support
XRP briefly dipped below $2.25 after hitting a local high of $2.30, but bullish momentum may still be intact as the token rebounded off the $2.16–$2.18 zone—a level analysts view as crucial for the next leg up.
Over the past week, XRP climbed steadily from $1.93 to challenge its recent resistance at $2.33. The latest pullback raised questions about trend exhaustion, yet analyst CasiTrades says the price is still in a healthy range, retesting former resistance as new support—a textbook move after a breakout.
According to her analysis, this zone coincides with the top of a consolidation range and the 0.382 Fibonacci level, making it an ideal area for buyers to step in. Holding this support could set XRP on course toward $2.69 and potentially $3.04 in the next wave.
One bullish signal is the divergence seen in XRP’s RSI, hinting at fading selling pressure. The asset’s quick recovery to $2.27 also shows that bulls are attempting to reclaim $2.25—an important level for short-term trend confirmation.
Still, if XRP slips below $2.16, the setup could break down, opening the door to a fall back toward $1.90. For now, all eyes are on whether buyers can maintain strength and push above $2.30.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
