Usman Salis
XRP has been showing resilience in recent trading sessions, with the token finding solid ground at a key technical support level that many traders are watching closely. After a period of consolidation, this support zone could be the launching pad for the next significant move higher, with several technical indicators aligning to support a bullish outlook.
XRP Price Defends Key Demand Zone
XRP has dipped slightly to around $2.75, down 0.61%, but all eyes are on the $2.57–$2.65 range. This area is being treated as make-or-break territory that could decide whether XRP bounces back up or slides further down.
Well-known trader @TheGunsslinger has pointed out that XRP's move into this zone is backed by some solid technical reasons:
- It's retesting the high of a 4-month trading range
- The price has filled a gap from the previous breakout move
- It lines up perfectly with the Fibonacci golden zone, which traders love to see
All these factors coming together suggest XRP's bullish trend is still intact, despite some recent choppy price action.
XRP Price Outlook: $2.91 to $3.70 in Sight
If buyers keep this support zone protected, XRP should first try to break back above $2.91 resistance. From there, the next stop would be around $3.29. If it can push through that level too, we could see XRP make a run toward the $3.70 target that many traders have marked on their charts.
However, if the support at $2.57 gives way, things could get messy pretty quickly. The next major support sits way down at $2.08, which would represent a much deeper pullback from current levels.
Usman Salis
