XRP Bulls Defend $3.00 - Pullback Sparks Massive Buying Opportunity
XRP's brief dip below $3.00 triggered a wave of aggressive buying—proving bulls aren't ready to surrender the key psychological level just yet.
Market Momentum Shifts
Traders jumped back in as prices retreated, treating the pullback as a discount entry rather than a trend reversal. The $3.00 mark held firm—for now—but volatility remains elevated as both sides dig in.
Testing Resilience
Every dip gets bought faster than a Wall Street banker's apology after a failed prediction. XRP's ability to hold above $3.00 suggests underlying strength, though skeptics warn that one strong defense doesn't win a war.
What's Next?
Keep watching that $3.00 line—it's become the crypto equivalent of a financial fault line. Break below, and bears take control. Hold firm, and bulls charge toward higher targets. Either way, grab some popcorn—this is getting interesting.
XRP Price Eyes Upside Break
XRP price managed to stay above the $3.00 level and started a fresh increase, beating Bitcoin and Ethereum. The price climbed above the $3.050 and $3.120 resistance levels.
The bulls even pumped the price above the $3.150 level. A high was formed at $3.1865 and the price recently corrected some gains. There was a drop below the 50% Fib retracement level of the upward move from the $2.9365 swing low to the $3.186 high.
Besides, there was a break below a key bullish trend line with support at $3.080 on the hourly chart of the XRP/USD pair. However, the bulls are active above the $3.00 level.
The price is now trading below $3.060 and the 100-hourly Simple Moving Average. If the bulls protect the $3.00 support, the price could attempt another increase. On the upside, the price might face resistance NEAR the $3.0620 level. The first major resistance is near the $3.080 level. A clear move above the $3.080 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.180 resistance. The next major hurdle for the bulls might be near $3.250.
More Downsides?
If XRP fails to clear the $3.0620 resistance zone, it could continue to move down. Initial support on the downside is near the $3.00 level and the 76.4% Fib retracement level of the upward move from the $2.9365 swing low to the $3.186 high. The next major support is near the $2.9350 level.
If there is a downside break and a close below the $2.9350 level, the price might continue to decline toward $2.90. The next major support sits near the $2.880 zone, below which the price could gain bearish momentum.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $3.00 and $2.9350.
Major Resistance Levels – $3.0620 and $3.120.