Usman Salis
XRP just pulled off something nobody saw coming. After getting beaten down to $2.72, it suddenly exploded back above $3 with a solid 6.61% pump. But here's the million-dollar question – is this the real deal or just another fake-out before more pain?
The crypto market's been pretty brutal lately, and XRP was definitely feeling the heat. Most traders were betting on more downside, but sometimes the market loves to prove everyone wrong. Let's break down what's really happening behind this surprise move.
XRP Price Bounces Hard from $2.72 Low
Despite all the bearish noise in crypto, XRP price just said "not today" and surged to $3.0140 (+6.61%), bouncing clean off that $2.7282 low. This caught a lot of people off guard who were expecting more blood.
The 4-hour chart tells the story pretty clearly – XRP managed to climb back above that tricky $2.93-$2.94 resistance zone that used to be solid support. That's actually a big deal because breaking back above old support levels can signal strength. But the real test? Whether XRP can actually stay up here or if this is just a quick head-fake before dropping again.
XRP RSI Shows Recovery, But There's a Catch
Here's where it gets interesting. The RSI(6) shot up to 74.16 – that's officially overbought territory, which usually means a pullback is coming. But the longer-term RSI(12) and RSI(24) are sitting at 57.13 and 49.24, showing that momentum is building but we're not in crazy bubble territory yet.
Volume also jumped to nearly 890.7K, which is good news because it means real traders are getting involved, not just bots playing games.
But here's the thing – XRP absolutely has to defend that $3.00 level now. If it can't hold here, we could easily see it test $2.84 or even drop back to that $2.73 low. The next few trading sessions are going to tell us everything we need to know: will XRP hold this level, or is it about to fold under pressure?
Usman Salis
