XRP Defies Gravity: Key Support Holds Firm as $3 Liquidity Zone Becomes the Hot Target
XRP isn't budging. While the broader market churns, the digital asset clings to a critical technical floor, setting its sights on a massive $3 liquidity pool that has traders buzzing.
The Line in the Sand
Forget the noise. The real story is that pivotal support level—it's holding. That's the foundation everything else is built on. A break below here changes the narrative entirely, but for now, bulls have dug in their heels.
All Eyes on the Prize: The $3 Zone
The chatter isn't about minor gains. The focus has laser-locked onto the $3 region, a zone packed with latent liquidity. It's the kind of target that moves from 'potential' to 'probable' when key supports refuse to crack. This isn't hopium; it's a straightforward technical magnet.
The Path Forward
Momentum needs fuel. Holding support is step one. The next is gathering enough bullish pressure to stage a credible run at those higher levels. It's a classic setup: defend, then attack. The market's patience—or lack thereof—will be the deciding factor.
One cynical observer might note that in traditional finance, this much analysis over a line on a chart would get you laughed out of the room. But in crypto, it's just another Tuesday. XRP's resilience is the headline; whether it can convert that into a full-blown rally toward $3 is the billion-dollar question everyone's actually asking.
XRP Targets Expanding Liquidity Zone
Despite the recent pull-back, some observers believe that XRP is about to make a major move. Noting this, one prominent analyst, STEPH IS CRYPTO, indicates that the biggest liquidity target shown on the three-month map is still set above the $3 mark and is continuing to grow. It is suggested that XRP is trading just below an important area of support.
XRP Holds Key Demand Zone
In support of this perspective, another analyst with the alias BitGuru highlighted that it seems like XRP is completing a long period of consolidation. Having pulled back, it is currently resting in a strong area of demand, which suggests that the selling momentum is losing strength. The current sideways trading is a sign that the markets are finding support.
If XRP can resist the current pull-down forces by staying above support and succeeds in moving back above the resistance level indicated, then a possible recovery is expected to follow. In such a scenario, targets could include higher supply levels in the short to mid-term, with the entire attention being focused on what’s next for XRP.
XRP Weekly Momentum Slows Down
The RSI is approximately 39.58, still below the mid-line, indicating weak buy signals. Its average line is about 47.58, indicating that bearish momentum is still in play. Currently, it is trading below the MA Ribbon, with major levels for SMA 20: 2.63, SMA 50: 2.52, SMA 100: 1.63, and SMA 200: 1.06. This means that it is faced with resistance from the moving averages.
Source: TradingViewBoth the MACD and the signal lines remain in bearish zones, with the MACD line standing at -0.11070 and the signal line standing at -0.11956. A reading of -0.00886 for the MACD histogram shows that the sellers are dominant; however, the selling momentum is not strongly accelerating.