Eseandre Mordi
⬤ XRP has been bouncing back nicely following the ETF announcement, showing renewed strength as buyers return to the market. After weeks of declining prices, the token is finally stabilizing and climbing from its lower support levels. The recent price action suggests improving market sentiment as short-term momentum builds.
⬤ The main challenge ahead is the $2.7 resistance zone—a price level that has consistently blocked XRP's upward moves in recent months. This area represents a dense supply zone where sellers have previously stepped in multiple times. Breaking through this barrier would signal a significant shift in market dynamics and could pave the way for a broader bullish trend.
⬤ The current situation is all about whether XRP can push past this $2.7 resistance cluster. If it fails to break through, there's a real risk of falling back into the previous consolidation pattern, which would suggest the bullish momentum isn't strong enough yet to sustain a rally. Traders are staying cautious, knowing that failed breakout attempts often trigger renewed selling.
⬤ A clean break above $2.7 would represent a major technical milestone for XRP and could shift market sentiment more decisively toward the bulls. Until that happens, XRP remains at a critical crossroads. Getting past the $2.7 resistance is the key hurdle that needs to be cleared to confirm a genuine bullish reversal.
Eseandre Mordi
