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.
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.