XRP Primed for Rebound? Key $2.80 Support Holds as Traders Eye Next Leg Up

XRP bulls catch their breath after a sharp pullback—but don’t call it a retreat. The token’s clinging to a critical $2.80 support level, and market whispers suggest this could be the launchpad for another explosive move.

The Setup:

After flirting with yearly highs, XRP’s retracement was inevitable (even crypto’s hottest streaks need a cooldown). Now, the $2.80 zone—a former resistance-turned-support—is where algorithmic traders and OGs alike are placing their bids.

Why It Matters:

Hold this level, and we’re looking at a textbook ‘higher low’ formation—the kind that gets chartists foaming at the mouth. Lose it? Well, let’s just say the ‘HODL’ memes will get *real* creative.

The Wildcard:

With Ripple’s legal saga fading into rearview, XRP’s price action is finally dancing to market rhythms—not courtroom headlines. Funny how that works when your token isn’t being treated like a regulatory piñata.

Bottom Line:

XRP’s playing with house money now. Another bounce off $2.80 could send it racing toward uncharted territory—or at least give bagholders another excuse to tweet ‘I told you so.’

Key technical points

• $2.80 Key Support Zone: Confluence of high-timeframe support, 0.618 Fibonacci, and value area high.
• Point of Control Below: If $2.80 is lost, the POC becomes the next high-probability reversal level.
• Bullish Market Structure Intact: Higher lows continue to form, keeping long-term trend biased to the upside.

The rejection from recent highs has triggered a natural corrective move, which is currently finding its way toward the $2.80 region. From a structural perspective, this correction is considered healthy, as it allows price to potentially establish a higher low within an ongoing bullish trend. As long as $2.80 holds, the market structure remains intact and favors continuation to the upside.

The significance of the $2.80 level is elevated due to the confluence of technical factors supporting it. If bulls can defend this zone, a reversal toward previous highs and potentially new all-time highs could take shape. Multiple candle closes above this support level, combined with increasing bullish volume, WOULD provide the confirmation needed to validate this area as a new base.

If $2.80 fails to hold, the next logical support is the point of control. This zone also holds multiple technical confluences and may act as a second potential reversal area. Maintaining structure above the point of control would still preserve the broader bullish trend, although the setup would require more time to reestablish directional strength.

Volume remains a key confirmation tool. A rise in bullish volume at support would signify that demand is returning to the market, increasing the probability of a bottoming formation and reversal. Without this volume, the market may continue consolidating or see further downside rotation before demand reappears.

What to expect in the coming price action

XRP is approaching a high-confluence support zone at $2.80. If this level is defended with strength, a bullish reversal and continuation toward new highs becomes more probable. Failure to hold would shift focus to the point of control for the next reaction zone.