Saad Ullah
XRP is stuck in familiar territory - bouncing off that stubborn $3 resistance like it's made of concrete. Bulls have thrown everything they've got at this level, but sellers keep showing up in force.
Key Levels That Matter
As trader Giray pointed out, without a convincing break above this zone, we could be looking at another leg down. The technicals tell a pretty clear story right now.
- Current Price: $2.987 - basically kissing that resistance
- Major Resistance: $3.00 zone where dreams go to die
- First Support: $2.40 if things go south
- Major Support: $1.99 - the make-or-break level that's held before
The daily chart shows XRP trapped in this range, ping-ponging between resistance and support without any real conviction either way. Until something gives, we're stuck watching this sideways action play out.
Why $3 Keeps Winning
Multiple factors are keeping XRP pinned down here. The technical picture shows repeated rejections at resistance, which usually means heavy selling interest. The broader altcoin market isn't exactly inspiring confidence either, with Bitcoin still consolidating and money flowing unevenly across crypto. Then there's the regulatory uncertainty that always seems to hang over XRP like a dark cloud - any news from the U.S. regulatory front tends to move this token hard in either direction.
Two scenarios are worth watching. If bulls can finally push through with a solid daily close above $3, we could see momentum shift toward $3.50 and beyond. That's the breakout everyone's waiting for. But if this resistance holds firm, XRP will likely drift back toward $2.40, and if that breaks, $1.99 becomes the line in the sand.
The daily closes are what matter most here. They'll tell us whether XRP is ready to finally break free from this range or if another correction is coming. Right now, the bears seem to have the upper hand, but crypto can flip on a dime. Keep watching those closes.
Saad Ullah
