Saad Ullah
XRP just passed its first major test, and the bulls are looking pretty confident right now. After a nerve-wracking dip that had traders sweating, buyers stepped up exactly where they needed to. Here's why this bounce could be the start of something bigger.
XRP Bulls Step In at $2.8
XRP showed some serious backbone when it mattered most, with buyers jumping in to defend that crucial $2.8 support level. What looked like it might turn into an ugly selloff quickly reversed course, and now we're seeing the token trading around $3.01 with decent intraday gains.
Trader @Joe_Swanson057 nailed it when he called this level make-or-break for XRP. The fact that it held tells us the bulls aren't ready to throw in the towel just yet. When key support levels hold like this, it usually means there's still plenty of fight left in the market.
XRP Price Momentum Targets $3.1–$3.5
Right now, XRP is sitting pretty above its important exponential moving averages, which is trader-speak for "the trend is still your friend." If the buyers keep showing up, we could see a push toward $3.1 pretty quickly, with $3.5 looking like the next logical target if momentum really kicks in.
The trading volume is picking up too, which suggests people are getting interested again after that recent sideways action. When you see volume increasing alongside price strength, that's usually a good sign that the move has legs.
Of course, nothing's guaranteed in crypto, and that $2.8 level is still the line in the sand. If XRP can't hold above it and we see a convincing break lower, the whole bullish story could unravel pretty fast.
For now though, XRP is in a decent spot. As long as $2.8 keeps acting as support, the road to $3.1–$3.5 stays wide open. But if the bears manage to crack that level, well, that's when things could get interesting in a hurry.
Saad Ullah
