Peter Smith
XRP (Ripple) is making moves again. After a rough patch that had traders sweating, buyers are stepping back in with renewed confidence. The numbers don't lie - XRP jumped 1.63% since yesterday, according to CoinStats data, and now all eyes are on that critical $3 mark.
Here's the thing: this isn't just another random price bump. We're seeing real buying pressure emerge right when it matters most. While other cryptos are still licking their wounds from recent market chaos, XRP holders are getting a reason to smile again.
XRP Charts Tell a Story of Resilience
The hourly chart shows XRP bouncing cleanly off $2.9840 support - that's trader speak for "the floor held when it mattered." This isn't just luck; it's genuine buying interest kicking in at exactly the right spot.
But let's be real here. Don't expect fireworks just yet. Most of today's daily movement range is already used up, which means we're probably looking at sideways action until tomorrow. It's like a runner who's already sprinted most of their race - they need a breather.
What's interesting is how balanced everything looks right now. Bulls aren't dominating, but neither are the bears. It's that classic standoff that usually happens before something bigger develops.
XRP (Ripple) Make-or-Break Moment at $3
Here's where things get spicy. XRP is sitting pretty far from any major technical roadblocks, which means it has room to run in either direction. But there's one level everyone's watching: that $3 zone.
Think of $3 as XRP's line in the sand. Break above it convincingly, and we could see more upside momentum building. Fail to hold it, and traders might start eyeing that $2.80-$2.90 area as the next stop.
The longer timeframe picture is telling the same story. Volume is still pretty meh, which means neither side is really committing yet. Smart money is probably waiting to see who blinks first. Given how things look right now, most analysts are penciling in sideways movement between $2.90-$3.10 through the end of August.
XRP is currently trading at $3.0112, sitting right in the sweet spot of this expected range. The question isn't whether it can move - it's which direction it chooses when the time comes.
Peter Smith
