Peter Smith
XRP struggles to hold $3.00 support after recent volatility, with traders watching key resistance levels at $3.03, $3.66, and $4.00 for the next breakout.
XRP Price Stumbles Below Key $3.00 Support Level
XRP is having a tough time right now, trading at $2.92 and down 4.49% in the latest session. The digital asset briefly flirted with the $3.03 level but couldn't stick the landing, sliding back under that crucial $3.00 psychological barrier that traders have been watching like hawks.
What's interesting here is that XRP managed to squeeze out a decent 9% gain (adding about $0.32) before running into a wall of selling pressure. This kind of quick rejection at higher levels usually tells us that bears are still calling the shots, at least for now.
If XRP can't find its footing above $3.00 soon, we might see it drift down to test $2.85 as the next logical support zone. That's where buyers would really need to step up to prevent further damage.
Critical XRP Price Levels That Could Trigger the Next Rally
Despite the recent stumble, there's still plenty to be optimistic about if you're holding XRP. The technical analysis shared on X highlights three key resistance levels that could unlock significant upside: $3.03, $3.66, and the big psychological level at $4.00.
Here's how this could play out: First, XRP needs to convincingly reclaim that $3.03 level – not just a quick spike and fade, but a proper close above it with some follow-through. Once that happens, the path toward $3.66 opens up, and that's where things could get really interesting.
A breakthrough above $3.66 would be the real game-changer, potentially setting up a run toward the $4.00 target that many traders have circled on their charts. But let's be real – if XRP can't even get back above $3.03, we might be stuck in this sub-$3.00 range for a while longer.
The key thing to watch is how XRP behaves around these levels over the next few trading sessions. Volume will be crucial too – any breakout attempt needs to come with solid participation to have staying power.
Peter Smith
