Saad Ullah
The crypto market rarely offers clean breakouts, and XRP (Ripple) is proving this once again. After a sharp dip to $2.81, the digital asset has clawed its way back above $2.90, leaving traders wondering if this bounce has legs or if it's just another false dawn. With the price dancing around critical levels, the next few days could determine whether XRP breaks out of its recent sideways grind or faces another leg down.
Bulls Dig In at $2.90 as Channel Holds
XRP's recent price action tells a story of resilience mixed with uncertainty. The token has managed to bounce from the $2.81 support level, pushing back toward the $2.90 area where buyers are now trying to establish a foothold within the broader rising channel pattern.
Famous trader highlighted the $2.81 zone as make-or-break territory for maintaining the current bullish structure.
The key question isn't whether XRP can hold current levels—it's whether the bulls have enough ammunition left to push meaningfully higher. Recent trading has been choppy, with neither side able to claim decisive control, creating a tug-of-war scenario that's keeping both bulls and bears on edge.
The Road to $3.27: What Bulls Need to See
For XRP to gain serious upward momentum, it needs to convincingly reclaim the $3.00 psychological level. A clean break above this threshold would likely trigger the next leg higher, with $3.27 emerging as the primary target. Beyond that, the $3.65 resistance zone represents a more ambitious goal that could cement the bullish case.
However, the path isn't without obstacles. A failure to hold the current $2.90 support—and more critically, the $2.81 floor—could quickly shift the narrative bearish. In that scenario, XRP might find itself testing the $2.60 region, potentially unraveling weeks of constructive price action and forcing bulls back to the drawing board.
Saad Ullah
