XRP Battles Liquidation Storm - Is a $3 Comeback Imminent?

XRP faces brutal liquidations as traders scramble for cover. The digital asset's recent plunge has market watchers questioning its resilience.

Technical Breakdown

Leveraged positions unravel across exchanges, forcing sell-offs that amplify downward pressure. XRP's price action mirrors classic liquidation cascades seen during high-volatility events.

Road to Recovery

Breaking through key resistance levels requires sustained buying pressure - something in short supply amid current market nerves. The path to $3 demands clearing multiple psychological barriers that have solidified since the last peak.

Market Realities

While crypto enthusiasts chant moon mathematics, traditional finance veterans smirk at another 'fundamentals-optional' rally cry. XRP's journey back to $3 hinges more on market sentiment than technological breakthroughs - because when has crypto ever cared about boring stuff like revenue projections?

XRP price analysis

So far, the token has been consolidating, which indicated that traders are watching closely to see if momentum shifts back toward $3 or if bearish pressure continues to weigh the price down.

The 30-period moving average for XRP price, which now sits at roughly $2.8633, is acting as a near-term pivot zone. At the moment, XRP is hovering right around this level, reflecting the tug-of-war between buyers and sellers. A sustained MOVE above this moving average could help build the foundation for another test of the $2.88 to $2.90 resistance zone.

If the token fails to hold up above $2.90, it may fall victim into deeper retracement levels, particularly if volume remains thin.

The Relative Strength Index for xrp price currently around 42 to 50, suggesting that XRP is neither in overbought nor oversold territory. However, RSI readings below 50 typically indicate bearish bias, especially when combined with a flattening price action.

Despite this, the RSI has shown resilience by recovering from oversold conditions earlier, which could mean that selling momentum is losing strength and buyers may attempt to stage a rebound for XRP.

The key level remains the $2.90–$2.92 resistance zone, which has acted as a ceiling during multiple intraday tests. Breaking above this range with convincing volume could pave the way for a retest of the psychological $3 mark.

However, XRP would need strong buying interest and possibly broader market support from Bitcoin and Ethereum to fuel such a breakout. Without this push, the price risks stagnating below $2.90.