Peter Smith
XRP (XRP) trades at $2.94 after a 2.96% daily decline, but analysts say the $5 target remains possible if key support holds.
XRP Price Holds Critical Support Level
XRP's sitting at $2.942 on its 7-day moving average, down 3% today but holding where it matters. The 30-day and 200-day MAs at $2.969 and $3.010 create overhead resistance that needs breaking for higher prices.
After touching $3.104, XRP pulled back to test $2.906 support, which held firm. According to analysis on X, reclaiming the $2.969–$3.010 range could unlock the path to $5.
Technical Setup Shows Mixed Signals for XRP Price
RSI at 44.66 shows mild bearish sentiment but no oversold condition. MACD is attempting a bullish cross with the histogram just above zero – early reversal signs.
Flat volume suggests market indecision rather than selling pressure. The $5 target stays realistic if XRP holds current levels and breaks back above $2.97.
XRP Price at Critical Juncture
XRP's defending the $2.90-$2.94 zone well. Reclaiming $2.97+ could trigger a rally toward higher targets, while a break below $2.90 might mean more consolidation.
As one trader noted on X: "XRP $5 Target is Still Possible" – it all depends on these key levels.
Short description (under 140 characters): XRP holds $2.94 support despite 3% drop. Analysts say $5 target remains possible if bulls reclaim $2.97 resistance zone.
Peter Smith
