Saad Ullah
XRP has entered a consolidation phase following its impressive rally earlier this year, with traders closely monitoring key technical levels that could determine the cryptocurrency's next major move. After experiencing significant gains and subsequent rejection at higher levels, XRP is now testing crucial support zones that will likely shape its near-term price action.
XRP Price Stabilizes After Strong Rally
XRP is currently trading sideways after getting rejected around the $3.60 resistance level. The coin had an impressive run earlier, jumping 57% from its July breakout and reaching near $3.60 before settling into this consolidation pattern. Right now, XRP is hanging around $2.83, which is a pretty important level for keeping the bullish momentum alive.
Crypto trader @anastamaverick recently pointed out that XRP's technical setup still looks good as long as it stays above the $2.65–$2.35 support area. She believes this zone is the backbone of XRP's bullish structure, giving traders reason to think this sideways movement could eventually lead to another breakout attempt.
XRP Price Roadmap: Watching the $3.00 Breakout Level
The key level to watch is $3.00, which is acting as the main resistance right now. If XRP can break cleanly above this price, it would not only get the coin out of its current sideways trading but also signal that bulls are ready to push back toward that $3.60 area.
XRP has shown it can make explosive moves before – it previously surged from $2.35 to $2.66 and then kept climbing to those July highs. Traders are keeping an eye out for similar action if the $3.00 level gets broken, since there's likely plenty of buying interest waiting above that price point.
Saad Ullah
