Usman Salis
XRP price is once again in the spotlight as it battles to maintain support at the crucial $3.00 level. After recent market volatility and a failed breakout attempt above $3.21, traders are closely watching for signs of a bullish reversal. With technical indicators suggesting a potential Wave 3 impulse move, XRP could be gearing up for a sharp rally if buying momentum returns.
XRP Price Consolidates at $3 Support
XRP price is trading near $3.0653 (high $3.0654, low $3.0584), holding above the critical $3.00 support. The chart suggests that the pullback may have ended at a 0.854 Fibonacci retracement ($3.0089), setting the stage for a new bullish impulse if buyers return.
Momentum indicators remain neutral, with RSI hovering around 48.43, while the structure hints at the potential start of a Wave 3 rally if price surpasses the $3.21 resistance.
Wave 3 Targets: $3.40 – $3.82
If XRP price breaks above $3.21, the next levels to watch are:
- $3.40 – $3.41 (0.118 Fib)
- $3.63 (0.236 Fib)
- $3.82, aligning with the 2.618 extension, a historically significant level.
The chart also highlights a possible wave 4 correction around the mid-$3 range before further gains.
The bullish scenario depends on $3.00 holding firm and a push above $3.21. If these conditions are met, XRP price could quickly accelerate toward $3.82. The current setup suggests that traders are preparing for potential volatility as the market consolidates in this key zone.
Usman Salis
