XRP Price Prediction: Will Bulls Hold the Line at $3.00 or Get Trampled?
XRP teeters on the edge—can it cling to the $3.00 lifeline or plunge into bearish territory?
The $3.00 support isn't just a number—it's the battleground where crypto's most stubborn bulls and profit-hungry traders collide.
If history repeats, we're in for a wild ride. (And let's be honest—when has crypto ever followed the 'rules'?)
Meanwhile, Wall Street 'experts' still can't decide if XRP is the future or a glorified lottery ticket. Place your bets.
Strong Rally Above $3.00
XRP kicked off the week with a solid upward MOVE that took it above the $2.820 zone. The rally continued steadily, with the price clearing the $2.920 and $2.950 hurdles before finally breaking above the $3.00 psychological barrier. This momentum pushed XRP as high as $3.106, its recent peak.
However, after reaching that level, sellers began to show up. The asset faced rejection NEAR the $3.10 zone, triggering a mild correction. This pullback also saw XRP break below a key bullish trendline, with former support at $3.065, based on the hourly chart data from Kraken.
Where XRP Stands Now
Despite the minor dip, XRP continues to trade above $3.00 and is holding well above the 100-hourly Simple Moving Average. Additionally, the price remains above the 23.6% Fibonacci retracement level drawn from the $2.730 swing low to the $3.106 high. This technical structure suggests that, while the bullish trend has weakened, it is not completely broken.
The immediate resistance lies again at $3.10, which has become a sticking point for the bulls. A stronger barrier exists near $3.120. If XRP manages to break past this level decisively, it could open the path toward higher targets like $3.150 and $3.20. Some analysts even point to a possible extension up to $3.212, followed by a major resistance wall near the $3.250 mark.
Pullback Threat Looms
While the upside possibilities remain on the table, failure to surpass $3.10 could lead to further downside. The first support lies at the $3.00 mark, a level that has now become a key battleground between buyers and sellers. A move below this threshold could send XRP toward $2.950, the next significant support.
Should the price break and close below $2.950, bears may take control in the short term. The 50% Fibonacci retracement level from the $2.730 to $3.106 move aligns closely with the $2.920 zone. This makes it a critical area to watch, as a breach below it could trigger a deeper slide toward the $2.880 support.
Technical Outlook
Looking at momentum indicators, the hourly MACD for the XRP/USD pair shows a slowdown in bullish activity. The MACD line is losing steam, suggesting weakening buying pressure. Meanwhile, the RSI remains above 50, indicating that the market hasn’t flipped into bearish territory just yet, but it’s not in strong bull mode either.
This mix of signals paints a neutral-to-cautious picture. The market seems to be pausing for direction, with neither side currently in clear control. Traders may want to wait for a breakout above $3.120 or a breakdown below $2.950 before making high-conviction moves.
Market Sentiment and Broader Impact
XRP’s recent performance is notable, especially given the broader crypto market’s sideways action. While Bitcoin and ethereum have remained largely range-bound, XRP surged ahead—likely driven by increased trading volumes and speculative interest.
However, this also means XRP may be more vulnerable to volatility in the short term. If sentiment in the wider crypto market turns bearish, or if XRP fails to maintain support levels, quick declines can follow. Conversely, if institutional inflows or positive regulatory developments emerge, XRP could retest and break its current resistance.
Conclusion
XRP’s impressive 30% rally has now hit a wall at $3.10. While the asset remains in positive territory above $3.00, the momentum appears to be slowing. A decisive move above $3.120 could reignite the rally, but failure to hold $3.00 and $2.950 support may lead to further declines.
As the price consolidates, XRP traders should watch for clearer technical signals and stay alert to broader market movements. The next few sessions could determine whether XRP regains upward momentum or enters a corrective phase.
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